Algonquin Power & Utilities (NYSE:AQN) Issues FY 2025 Earnings Guidance

Algonquin Power & Utilities (NYSE:AQN) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.300. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.

Analyst Ratings Changes

A number of research analysts recently commented on AQN shares. National Bankshares decreased their price objective on Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wall Street Zen cut Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. CIBC decreased their price objective on Algonquin Power & Utilities from $5.50 to $5.25 and set a “neutral” rating on the stock in a report on Thursday, April 24th. BMO Capital Markets reissued a “market perform” rating and issued a $6.00 target price (up previously from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday, May 12th. Finally, Royal Bank of Canada boosted their target price on Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.03.

Algonquin Power & Utilities Stock Performance

NYSE:AQN opened at $6.23 on Wednesday. The firm has a market capitalization of $4.78 billion, a PE ratio of -4.83 and a beta of 0.67. The business’s fifty day moving average price is $5.33 and its 200 day moving average price is $4.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. Algonquin Power & Utilities has a 12 month low of $4.19 and a 12 month high of $6.36.

Algonquin Power & Utilities (NYSE:AQN) last posted its earnings results on Friday, May 9th. The utilities provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The firm had revenue of $692.40 million for the quarter, compared to analyst estimates of $699.08 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.38 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 Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.065 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 4.17%. Algonquin Power & Utilities’s dividend payout ratio is presently -15.48%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A hedge fund recently raised its stake in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. lifted its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 65.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,205,756 shares of the utilities provider’s stock after buying an additional 4,808,539 shares during the period. Goldman Sachs Group Inc. owned approximately 1.59% of Algonquin Power & Utilities worth $62,738,000 at the end of the most recent quarter. Institutional investors own 62.28% of the company’s stock.

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.