Algonquin Power & Utilities Corp. (NYSE:AQN) Receives $6.66 Average Price Target from Brokerages

Algonquin Power & Utilities Corp. (NYSE:AQN) has earned an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.6591.

Several brokerages have weighed in on AQN. National Bank Financial lowered their price target on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a report on Monday, March 9th. Weiss Ratings raised shares of Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. Raymond James Financial raised shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.50 to $7.25 in a report on Monday, March 9th. Wall Street Zen downgraded shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, Scotiabank raised shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price target on the stock in a report on Tuesday, December 16th.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several large investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in shares of Algonquin Power & Utilities by 2.5% in the second quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock worth $424,000 after buying an additional 1,800 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Algonquin Power & Utilities by 1.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 133,733 shares of the utilities provider’s stock worth $823,000 after buying an additional 1,966 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Algonquin Power & Utilities by 5.7% in the fourth quarter. LPL Financial LLC now owns 37,364 shares of the utilities provider’s stock worth $230,000 after buying an additional 2,026 shares in the last quarter. Infrastructure Capital Advisors LLC lifted its holdings in shares of Algonquin Power & Utilities by 9.4% in the fourth quarter. Infrastructure Capital Advisors LLC now owns 26,642 shares of the utilities provider’s stock worth $164,000 after buying an additional 2,296 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Algonquin Power & Utilities by 9.6% in the fourth quarter. Vident Advisory LLC now owns 31,199 shares of the utilities provider’s stock worth $192,000 after buying an additional 2,736 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Stock Performance

Shares of NYSE AQN opened at $6.27 on Friday. The firm has a 50 day moving average of $6.50 and a 200 day moving average of $6.17. The company has a current ratio of 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 27.24 and a beta of 0.78. Algonquin Power & Utilities has a 12-month low of $4.45 and a 12-month high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The business had revenue of $630.70 million for the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. 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. On average, research analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.26 annualized dividend and a yield of 4.2%. Algonquin Power & Utilities’s payout ratio is currently 113.04%.

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.