Algonquin Power & Utilities Corp. (NYSE:AQN) Given Consensus Rating of “Hold” by Analysts

Algonquin Power & Utilities Corp. (NYSE:AQN) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.6250.

A number of research analysts have issued reports on the stock. TD Cowen dropped their target price on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $6.50 to $7.25 in a report on Monday, March 9th. Weiss Ratings downgraded Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen cut Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th.

Algonquin Power & Utilities Stock Performance

NYSE:AQN opened at $6.33 on Tuesday. The firm’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $6.09. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market cap of $4.87 billion, a PE ratio of 27.54 and a beta of 0.75. Algonquin Power & Utilities has a fifty-two week low of $4.45 and a fifty-two week high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.06 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. Analysts expect that Algonquin Power & Utilities will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Algonquin Power & Utilities’s payout ratio is 113.04%.

Institutional Investors Weigh In On Algonquin Power & Utilities

A number of large investors have recently added to or reduced their stakes in AQN. EdgePoint Investment Group Inc. increased its holdings in Algonquin Power & Utilities by 32.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock valued at $502,563,000 after acquiring an additional 20,074,709 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Algonquin Power & Utilities in the fourth quarter valued at about $74,263,000. Norges Bank acquired a new stake in shares of Algonquin Power & Utilities in the fourth quarter valued at approximately $67,065,000. Ariel Investments LLC increased its stake in shares of Algonquin Power & Utilities by 88.6% during the 2nd quarter. Ariel Investments LLC now owns 13,112,831 shares of the utilities provider’s stock worth $75,137,000 after purchasing an additional 6,160,490 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Algonquin Power & Utilities by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after purchasing an additional 4,808,539 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.