FY2025 Earnings Forecast for AQN Issued By Scotiabank

Algonquin Power & Utilities Corp. (NYSE:AQN) – Scotiabank lowered their FY2025 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued on Wednesday, March 19th. Scotiabank analyst R. Hope now forecasts that the utilities provider will earn $0.26 per share for the year, down from their prior estimate of $0.28. Scotiabank currently has a “Sector Perform” rating and a $5.50 target price on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Scotiabank also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.33 EPS.

AQN has been the topic of several other reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $7.00 target price on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. Royal Bank of Canada lowered their target price on Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Finally, National Bankshares reduced their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Algonquin Power & Utilities has an average rating of “Hold” and a consensus target price of $5.94.

Algonquin Power & Utilities Trading Up 0.7 %

Shares of AQN stock opened at $5.15 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $3.95 billion, a P/E ratio of -3.99 and a beta of 0.71. Algonquin Power & Utilities has a 12-month low of $4.19 and a 12-month high of $6.79. The firm has a 50-day moving average price of $4.71 and a 200 day moving average price of $4.83.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, March 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The company had revenue of $584.80 million for the quarter, compared to the consensus estimate of $644.73 million.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently bought and sold shares of AQN. SVB Wealth LLC bought a new stake in shares of Algonquin Power & Utilities during the 4th quarter valued at $49,000. Capstone Investment Advisors LLC bought a new stake in Algonquin Power & Utilities in the third quarter valued at about $58,000. Avantax Advisory Services Inc. bought a new stake in Algonquin Power & Utilities in the fourth quarter valued at about $58,000. Walleye Capital LLC acquired a new position in Algonquin Power & Utilities in the third quarter valued at about $59,000. Finally, Ballentine Partners LLC bought a new position in Algonquin Power & Utilities during the fourth quarter worth about $63,000. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.065 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.26 annualized dividend and a yield of 5.05%. Algonquin Power & Utilities’s dividend payout ratio is currently -14.44%.

About Algonquin Power & Utilities

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.