Algonquin Power & Utilities Corp. (NYSE:AQN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $6.7250.

A number of equities analysts recently commented on the company. Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a 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 research report on Monday. National Bank Financial lowered their target price on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a report on Friday, July 3rd. Finally, Wells Fargo & Company began coverage on Algonquin Power & Utilities in a research report on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 price target on the stock.

Algonquin Power & Utilities Price Performance

NYSE:AQN opened at $5.66 on Tuesday. The stock’s 50-day simple moving average is $5.80 and its 200 day simple moving average is $6.09. Algonquin Power & Utilities has a 52-week low of $5.32 and a 52-week high of $7.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market cap of $4.36 billion, a P/E ratio of 29.79 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $582.99 million for the quarter, compared to analyst estimates of $582.99 million. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.During the same period last year, the firm 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. As a group, sell-side analysts forecast that Algonquin Power & Utilities will post 0.35 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The company 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 dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio is presently 136.84%.

Institutional Trading of Algonquin Power & Utilities

Large investors have recently made changes to their positions in the company. Quarry LP bought a new position in Algonquin Power & Utilities in the third quarter valued at approximately $29,000. Group One Trading LLC increased its stake in shares of Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 2,900 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Algonquin Power & Utilities during the 4th quarter worth $47,000. Vise Technologies Inc. bought a new stake in shares of Algonquin Power & Utilities during the 3rd quarter worth $56,000. Finally, August Group Capital Ltd acquired a new stake in Algonquin Power & Utilities in the second quarter valued at about $62,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

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.