Algonquin Power & Utilities Corp. (NYSE:AQN) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.75.

A number of equities analysts have recently issued reports on AQN shares. Huntington began coverage on Algonquin Power & Utilities in a research report on Monday, September 14th. They set an “outperform” rating and a $7.00 price objective for the company. Weiss Ratings downgraded shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. TD set a $6.00 price target on shares of Algonquin Power & Utilities and gave the stock a “hold” rating in a report on Monday, August 31st. Finally, National Bank Financial set a $7.00 price target on shares of Algonquin Power & Utilities and gave the stock an “outperform” rating in a research report on Tuesday, September 1st.

Institutional Trading of Algonquin Power & Utilities

A number of institutional investors have recently bought and sold shares of the company. August Group Capital Ltd acquired a new position in shares of Algonquin Power & Utilities in the 2nd quarter valued at about $62,000. State of Wyoming bought a new stake in shares of Algonquin Power & Utilities during the 2nd quarter valued at about $63,000. Able Wealth Management LLC acquired a new stake in Algonquin Power & Utilities during the first quarter worth approximately $77,000. Concurrent Investment Advisors LLC acquired a new stake in Algonquin Power & Utilities during the second quarter worth approximately $74,000. Finally, Nykredit A S bought a new stake in Algonquin Power & Utilities in the second quarter worth approximately $78,000. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at $5.03 on Friday. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 26.45 and a beta of 0.70. Algonquin Power & Utilities has a twelve month low of $4.91 and a twelve month high of $7.11. The company’s fifty day moving average is $5.61 and its 200 day moving average is $5.89. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28.

Algonquin Power & Utilities (NYSE:AQN) last announced its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.The company had revenue of $582.99 million for the quarter, compared to the consensus estimate of $582.99 million. During the same period in the prior year, the business earned $0.04 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Sell-side analysts forecast that Algonquin Power & Utilities will post 0.35 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.0650 per share. This represents a $0.26 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 136.84%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian diversified utility company that owns and operates regulated utility businesses and renewable energy assets. Through its Liberty operating businesses, the company provides electricity, natural gas and water services to residential, commercial and industrial customers.

The company’s regulated utility operations primarily serve customers in the United States, with additional operations in Canada and Bermuda. Its utility infrastructure includes electric distribution networks, natural gas distribution systems and water and wastewater facilities.