FY2025 Earnings Forecast for AQN Issued By Desjardins

Algonquin Power & Utilities Corp. (NYSE:AQN) – Stock analysts at Desjardins increased their FY2025 earnings estimates for Algonquin Power & Utilities in a research note issued to investors on Sunday, November 9th. Desjardins analyst B. Stadler now forecasts that the utilities provider will post earnings of $0.31 per share for the year, up from their prior forecast of $0.30. Desjardins currently has a “Buy” rating and a $6.75 target price on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Desjardins also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.37 EPS and FY2027 earnings at $0.46 EPS.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $600.80 million for the quarter, compared to analysts’ expectations of $596.67 million. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. During the same period in the previous year, the firm posted $0.08 EPS.

A number of other brokerages also recently weighed in on AQN. TD Securities upgraded shares of Algonquin Power & Utilities to a “hold” rating in a report on Monday, August 11th. Janney Montgomery Scott set a $7.00 price objective on shares of Algonquin Power & Utilities in a research note on Monday. Raymond James Financial raised their target price on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Friday, October 24th. Wall Street Zen raised Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Algonquin Power & Utilities in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities has a consensus rating of “Hold” and a consensus target price of $6.59.

Algonquin Power & Utilities Stock Up 1.3%

NYSE:AQN opened at $6.32 on Tuesday. Algonquin Power & Utilities has a twelve month low of $4.19 and a twelve month high of $6.48. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of -3.51 and a beta of 0.75. The company has a quick ratio of 0.86, a current ratio of 1.09 and a debt-to-equity ratio of 1.22. The stock’s 50 day moving average price is $5.69 and its two-hundred day moving average price is $5.72.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is -650.00%.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AQN. US Bancorp DE lifted its holdings in shares of Algonquin Power & Utilities by 85.7% in the first quarter. US Bancorp DE now owns 4,887 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 2,256 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Algonquin Power & Utilities during the first quarter valued at $31,000. Atria Wealth Solutions Inc. bought a new position in Algonquin Power & Utilities during the first quarter worth about $51,000. Wedbush Securities Inc. purchased a new stake in shares of Algonquin Power & Utilities during the 2nd quarter valued at approximately $58,000. Finally, Fiera Capital Corp purchased a new position in shares of Algonquin Power & Utilities in the third quarter valued at $55,000. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.