Analysts Set Algonquin Power & Utilities Corp. (NYSE:AQN) Price Target at $6.72

Algonquin Power & Utilities Corp. (NYSE:AQN) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.7250.

Several research analysts have issued reports on the company. National Bank Financial set a $7.00 price objective on Algonquin Power & Utilities and gave the stock an “outperform” rating in a research note on Tuesday, September 1st. Weiss Ratings downgraded shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. 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, August 31st. Finally, Wells Fargo & Company assumed coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 target price for the company.

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 boosted its stake in Algonquin Power & Utilities by 12.5% in the second quarter. Amundi now owns 174,789 shares of the utilities provider’s stock worth $1,024,000 after purchasing an additional 19,454 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Algonquin Power & Utilities by 31.8% in the second quarter. HighTower Advisors LLC now owns 32,052 shares of the utilities provider’s stock valued at $188,000 after buying an additional 7,729 shares in the last quarter. Greenland Capital Management LP raised its holdings in shares of 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 during the last quarter. TD Waterhouse Canada Inc. lifted its position in 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 worth $8,754,000 after buying an additional 64,329 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Algonquin Power & Utilities during the 2nd quarter worth about $74,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Algonquin Power & Utilities Stock Up 0.4%

Shares of AQN opened at $5.69 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $5.77 and a two-hundred day moving average price of $6.05. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 29.95 and a beta of 0.70. Algonquin Power & Utilities has a 12 month low of $5.32 and a 12 month high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data 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 company 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 quarter in the prior 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. Equities analysts predict that Algonquin Power & Utilities will post 0.35 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s payout ratio is presently 136.84%.

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.