TD Analysts Give Algonquin Power & Utilities (NYSE:AQN) a $6.00 Price Target

TD set a $6.00 price objective on Algonquin Power & Utilities (NYSE:AQN) in a research note issued to investors on Monday morning,BayStreet reports. The brokerage currently has a hold rating on the utilities provider’s stock.

AQN has been the topic of several other reports. Weiss Ratings downgraded Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company assumed coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price objective on the stock. Finally, National Bank Financial dropped their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.72.

Algonquin Power & Utilities Stock Down 0.6%

Shares of NYSE:AQN opened at $5.62 on Monday. Algonquin Power & Utilities has a 1-year low of $5.32 and a 1-year high of $7.11. 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 stock has a market cap of $4.33 billion, a P/E ratio of 29.61 and a beta of 0.70. The firm has a fifty day moving average price of $5.79 and a 200 day moving average price of $6.08.

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

Algonquin Power & Utilities Announces Dividend

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 dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio is currently 136.84%.

Institutional Investors Weigh In On Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently bought and sold shares of AQN. Amundi grew its stake in shares of Algonquin Power & Utilities by 12.5% during the 2nd quarter. Amundi now owns 174,789 shares of the utilities provider’s stock worth $1,024,000 after purchasing an additional 19,454 shares during the period. HighTower Advisors LLC grew its position in Algonquin Power & Utilities by 31.8% during the second quarter. HighTower Advisors LLC now owns 32,052 shares of the utilities provider’s stock worth $188,000 after buying an additional 7,729 shares during the period. Greenland Capital Management LP increased its holdings in Algonquin Power & Utilities by 5.0% in the second quarter. Greenland Capital Management LP now owns 975,010 shares of the utilities provider’s stock valued at $5,732,000 after buying an additional 46,020 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Algonquin Power & Utilities by 4.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,604,081 shares of the utilities provider’s stock valued at $8,754,000 after acquiring an additional 64,329 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Algonquin Power & Utilities during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Algonquin Power & Utilities

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.