Algonquin Power & Utilities (NYSE:AQN) PT Set at $7.00 by National Bank Financial

Algonquin Power & Utilities (NYSE:AQN) received a $7.00 price target from stock analysts at National Bank Financial in a research note issued to investors on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s target price would suggest a potential upside of 24.03% from the stock’s current price.

AQN has been the topic of several other reports. Wells Fargo & Company initiated 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. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, TD set a $6.00 target price on shares of Algonquin Power & Utilities and gave the stock a “hold” rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Moderate Buy” and a consensus price target of $6.72.

Algonquin Power & Utilities Stock Performance

Shares of NYSE AQN traded down $0.02 during mid-day trading on Tuesday, hitting $5.64. The company had a trading volume of 2,194,525 shares, compared to its average volume of 4,459,184. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. Algonquin Power & Utilities has a 1 year low of $5.32 and a 1 year high of $7.11. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 29.71 and a beta of 0.70. The stock’s 50-day moving average price is $5.80 and its 200-day moving average price is $6.09.

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

Institutional Trading of Algonquin Power & Utilities

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in Algonquin Power & Utilities by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after acquiring an additional 4,808,539 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Algonquin Power & Utilities in the 2nd quarter worth about $85,000. American Century Companies Inc. boosted its holdings in shares of Algonquin Power & Utilities by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 240,683 shares of the utilities provider’s stock worth $1,377,000 after purchasing an additional 18,752 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Algonquin Power & Utilities by 15.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 120,708 shares of the utilities provider’s stock valued at $691,000 after purchasing an additional 16,552 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Algonquin Power & Utilities by 465.0% during the 2nd quarter. Marshall Wace LLP now owns 106,046 shares of the utilities provider’s stock valued at $608,000 after purchasing an additional 87,276 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

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.