Algonquin Power & Utilities (AQN) to Release Quarterly Earnings on Thursday

Algonquin Power & Utilities (NYSE:AQN – Get Rating) is scheduled to be announcing its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Algonquin Power & Utilities (NYSE:AQN – Get Rating) last released its earnings results on Thursday, March 3rd. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $594.80 million during the quarter, compared to analyst estimates of $594.36 million. Algonquin Power & Utilities had a return on equity of 6.97% and a net margin of 11.59%. During the same period in the prior year, the company posted $0.21 earnings per share. On average, analysts expect Algonquin Power & Utilities to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AQN stock opened at $14.06 on Thursday. The business has a 50 day moving average of $15.16 and a 200-day moving average of $14.48. Algonquin Power & Utilities has a 12-month low of $13.39 and a 12-month high of $16.26. The firm has a market cap of $9.47 billion, a PE ratio of 35.15, a P/E/G ratio of 2.38 and a beta of 0.43. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.81.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 4.85%. The ex-dividend date was Wednesday, March 30th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 170.00%.

Several hedge funds have recently modified their holdings of the stock. Comerica Bank raised its position in shares of Algonquin Power & Utilities by 9.8% in the fourth quarter. Comerica Bank now owns 12,696 shares of the utilities provider’s stock worth $174,000 after buying an additional 1,132 shares in the last quarter. Sei Investments Co. raised its position in shares of Algonquin Power & Utilities by 16.5% in the fourth quarter. Sei Investments Co. now owns 29,526 shares of the utilities provider’s stock worth $437,000 after buying an additional 4,186 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Algonquin Power & Utilities by 21.3% in the fourth quarter. Belpointe Asset Management LLC now owns 27,285 shares of the utilities provider’s stock worth $394,000 after buying an additional 4,785 shares in the last quarter. Stifel Financial Corp raised its position in shares of Algonquin Power & Utilities by 18.4% in the fourth quarter. Stifel Financial Corp now owns 59,658 shares of the utilities provider’s stock worth $862,000 after buying an additional 9,276 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its position in Algonquin Power & Utilities by 42.3% during the fourth quarter. Vident Investment Advisory LLC now owns 32,085 shares of the utilities provider’s stock valued at $464,000 after purchasing an additional 9,544 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

AQN has been the subject of several research reports. StockNews.com initiated coverage on Algonquin Power & Utilities in a report on Thursday, March 31st. They set a “sell” rating for the company. Raymond James set a $20.00 price objective on Algonquin Power & Utilities and gave the company an “outperform” rating in a report on Friday, March 4th. National Bankshares lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and set a $16.00 price objective for the company. in a report on Wednesday. National Bank Financial lowered Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and set a $16.00 price objective for the company. in a report on Wednesday. Finally, Zacks Investment Research upgraded Algonquin Power & Utilities from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, April 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.78.

Algonquin Power & Utilities Company Profile (Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.

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