Algonquin Power & Utilities Corp. (NYSE:AQN) Stock Has Average Price Target of $6.75 According to Analysts

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have received an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $6.75.

A number of research firms recently commented on AQN. TD set a $6.00 price target on shares of Algonquin Power & Utilities and gave the stock a “hold” rating in a report on Monday, August 31st. Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. National Bank Financial set a $7.00 price target on Algonquin Power & Utilities and gave the company an “outperform” rating in a research report on Tuesday, September 1st. Finally, Huntington initiated coverage on Algonquin Power & Utilities in a research note on Monday, September 14th. They set an “outperform” rating and a $7.00 price target for the company.

Algonquin Power & Utilities Price Performance

AQN stock opened at $5.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. The company’s 50-day moving average is $5.64 and its 200-day moving average is $5.90. The stock has a market capitalization of $3.85 billion, a PE ratio of 26.34 and a beta of 0.70. Algonquin Power & Utilities has a 1 year low of $4.95 and a 1 year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. During the same period in the previous year, the business 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. Equities research analysts expect that Algonquin Power & Utilities will post 0.35 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a $0.0650 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.26 annualized dividend and a yield of 5.2%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 136.84%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of large investors have recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its stake in Algonquin Power & Utilities by 68.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 705,453 shares of the utilities provider’s stock worth $4,134,000 after acquiring an additional 285,672 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Algonquin Power & Utilities by 4,665.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 918,774 shares of the utilities provider’s stock valued at $5,657,000 after acquiring an additional 899,493 shares during the last quarter. Cidel Asset Management Inc. boosted its position in shares of Algonquin Power & Utilities by 42.1% during the 1st quarter. Cidel Asset Management Inc. now owns 3,535,918 shares of the utilities provider’s stock valued at $21,587,000 after acquiring an additional 1,048,080 shares during the last quarter. Alberta Investment Management Corp purchased a new position in shares of Algonquin Power & Utilities during the second quarter worth about $1,102,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Algonquin Power & Utilities by 13.0% during the first quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider’s stock worth $83,497,000 after purchasing an additional 1,563,924 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a North American utility and renewable energy company headquartered in Oakville, Ontario. Through its Liberty operating businesses, the company has provided regulated electricity, natural gas, water and wastewater services to residential, commercial and industrial customers.

Algonquin has historically operated regulated utility systems in the United States and Canada, with activities including electricity distribution and transmission, natural gas distribution, and water and wastewater utilities.