Algonquin Power & Utilities Corp. (NYSE:AQN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.8056.

AQN has been the subject of several research analyst reports. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price objective for the company. Canadian Imperial Bank of Commerce upped their target price on Algonquin Power & Utilities from $6.25 to $6.50 and gave the company a “neutral” rating in a report on Monday, April 20th. National Bank Financial reduced their price target on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating for the company in a research report on Friday, July 3rd. Finally, Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday.

Institutional Investors Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in shares of Algonquin Power & Utilities by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after acquiring an additional 4,808,539 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Algonquin Power & Utilities during the second quarter valued at $85,000. American Century Companies Inc. boosted its position in Algonquin Power & Utilities by 8.4% during the second quarter. American Century Companies Inc. now owns 240,683 shares of the utilities provider’s stock valued at $1,377,000 after purchasing an additional 18,752 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Algonquin Power & Utilities by 15.9% in the second quarter. Russell Investments Group Ltd. now owns 120,708 shares of the utilities provider’s stock valued at $691,000 after purchasing an additional 16,552 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Algonquin Power & Utilities by 465.0% in the second quarter. Marshall Wace LLP now owns 106,046 shares of the utilities provider’s stock valued at $608,000 after purchasing an additional 87,276 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN opened at $5.83 on Friday. The company’s fifty day moving average is $5.84 and its two-hundred day moving average is $6.16. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 1.26. Algonquin Power & Utilities has a 12-month low of $5.32 and a 12-month high of $7.11. The company has a market cap of $4.48 billion, a P/E ratio of 30.66 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.14% and a net margin of 5.77%.The business had revenue of $582.99 million during the quarter, compared to analyst estimates of $582.99 million. During the same period last year, the business earned $0.04 EPS. 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. Equities analysts expect that Algonquin Power & Utilities will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio is currently 136.84%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.