Q1 Earnings Estimate for AQN Issued By Desjardins

Algonquin Power & Utilities Corp. (NYSE:AQN) – Analysts at Desjardins issued their Q1 2025 earnings per share (EPS) estimates for Algonquin Power & Utilities in a research note issued to investors on Monday, March 10th. Desjardins analyst B. Stadler forecasts that the utilities provider will post earnings per share of $0.09 for the quarter. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Desjardins also issued estimates for Algonquin Power & Utilities’ Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.06 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.26 EPS and FY2026 earnings at $0.32 EPS.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $7.00 price objective on shares of Algonquin Power & Utilities in a research report on Thursday, December 12th. Scotiabank raised their price target on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Royal Bank of Canada dropped their price objective on Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Finally, National Bankshares reduced their target price on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.94.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at $4.83 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $4.85. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.79. The firm has a market cap of $3.70 billion, a P/E ratio of -3.74 and a beta of 0.71.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 7th. The utilities provider reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $644.73 million.

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 paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Monday, March 31st. Algonquin Power & Utilities’s payout ratio is presently -14.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Starboard Value LP raised its position in shares of Algonquin Power & Utilities by 5.1% during the fourth quarter. Starboard Value LP now owns 65,316,000 shares of the utilities provider’s stock worth $290,656,000 after purchasing an additional 3,175,000 shares during the period. FIL Ltd increased its stake in Algonquin Power & Utilities by 85.6% during the 4th quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider’s stock worth $181,473,000 after purchasing an additional 18,857,515 shares in the last quarter. Vanguard Group Inc. raised its holdings in Algonquin Power & Utilities by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider’s stock worth $139,845,000 after buying an additional 544,198 shares during the period. EdgePoint Investment Group Inc. lifted its stake in Algonquin Power & Utilities by 32.8% in the fourth quarter. EdgePoint Investment Group Inc. now owns 22,830,789 shares of the utilities provider’s stock valued at $101,202,000 after buying an additional 5,640,705 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Algonquin Power & Utilities by 0.6% in the fourth quarter. Bank of Montreal Can now owns 21,000,723 shares of the utilities provider’s stock valued at $93,090,000 after buying an additional 117,757 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

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.