Research Analysts Offer Predictions for AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Research analysts at Desjardins boosted their FY2025 earnings per share estimates for shares of Algonquin Power & Utilities in a research note issued on Sunday, May 11th. Desjardins analyst B. Stadler now forecasts that the utilities provider will post earnings of $0.27 per share for the year, up from their previous estimate of $0.26. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The company had revenue of $692.40 million during the quarter, compared to analysts’ expectations of $699.08 million. During the same period in the prior year, the company posted $0.14 EPS.

Several other brokerages have also recently issued reports on AQN. Royal Bank of Canada upped their price objective on Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note on Monday. StockNews.com upgraded shares of Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research note on Tuesday. BMO Capital Markets reiterated a “market perform” rating and set a $6.00 price target (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday. National Bankshares reduced their target price on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, CIBC dropped their price target on Algonquin Power & Utilities from $5.50 to $5.25 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.03.

Algonquin Power & Utilities Stock Down 1.9%

Shares of NYSE:AQN opened at $5.60 on Wednesday. The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $4.83. The firm has a market cap of $4.30 billion, a PE ratio of -4.34 and a beta of 0.67. Algonquin Power & Utilities has a 12-month low of $4.19 and a 12-month high of $6.75. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 4.64%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is -15.48%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP lifted its position in Algonquin Power & Utilities by 18.4% during the 1st quarter. Quantbot Technologies LP now owns 862,033 shares of the utilities provider’s stock worth $4,431,000 after acquiring an additional 133,726 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of Algonquin Power & Utilities by 23.5% during the first quarter. Northwest & Ethical Investments L.P. now owns 62,061 shares of the utilities provider’s stock valued at $319,000 after acquiring an additional 11,810 shares during the period. American Century Companies Inc. boosted its position in Algonquin Power & Utilities by 4.3% in the first quarter. American Century Companies Inc. now owns 221,931 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 9,051 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Algonquin Power & Utilities during the 1st quarter worth approximately $31,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Algonquin Power & Utilities by 25.9% in the first quarter. Russell Investments Group Ltd. now owns 104,156 shares of the utilities provider’s stock valued at $535,000 after buying an additional 21,401 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.