Algonquin Power & Utilities (NYSE:AQN) Now Covered by Analysts at Barclays

Investment analysts at Barclays initiated coverage on shares of Algonquin Power & Utilities (NYSE:AQN) in a research report issued to clients and investors on Wednesday. The firm set an “overweight” rating and a $7.00 price target on the utilities provider’s stock. Barclays‘s price target suggests a potential upside of 14.29% from the company’s current price.

A number of other analysts have also weighed in on AQN. Canadian Imperial Bank of Commerce lowered their target price on Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Weiss Ratings raised Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Desjardins decreased their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 9th. National Bank Financial cut their target price on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a research note on Monday, March 9th. Finally, TD Cowen reduced 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. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Hold” and a consensus target price of $6.66.

Algonquin Power & Utilities Trading Down 0.6%

NYSE AQN opened at $6.13 on Wednesday. Algonquin Power & Utilities has a one year low of $4.45 and a one year high of $7.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 26.63 and a beta of 0.75. The company’s 50-day simple moving average is $6.53 and its two-hundred day simple moving average is $6.15.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, topping 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 firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. During the same quarter in the prior year, the company earned $0.06 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. 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. Equities analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQN. Quarry LP acquired a new stake in Algonquin Power & Utilities during the 3rd quarter worth about $29,000. Group One Trading LLC increased its holdings in shares of Algonquin Power & Utilities by 63.3% in the fourth 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 period. NewEdge Advisors LLC acquired a new position in shares of Algonquin Power & Utilities in the fourth quarter valued at about $47,000. Tudor Investment Corp ET AL purchased a new position in shares of Algonquin Power & Utilities in the fourth quarter worth about $62,000. Finally, Fiera Capital Corp acquired a new stake in shares of Algonquin Power & Utilities during the third quarter worth about $55,000. Hedge funds and other institutional investors 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.