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

Algonquin Power & Utilities (NYSE:AQNGet 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:AQNGet 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.

See Also

Earnings History for Algonquin Power & Utilities (NYSE:AQN)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.

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

Algonquin Power & Utilities (TSE:AQNGet Rating) will announce its earnings results after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of C$0.30 per share for the quarter.

Algonquin Power & Utilities (TSE:AQNGet Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported C$0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.27. The firm had revenue of C$749.89 million for the quarter, compared to analysts’ expectations of C$761.72 million.

Shares of AQN stock opened at C$17.88 on Thursday. The stock has a market cap of C$12.05 billion and a PE ratio of 34.06. The business has a 50-day simple moving average of C$19.18 and a 200-day simple moving average of C$18.32. The company has a quick ratio of 0.39, a current ratio of 0.69 and a debt-to-equity ratio of 82.26. Algonquin Power & Utilities has a 52-week low of C$17.14 and a 52-week high of C$20.19.

Separately, National Bankshares cut Algonquin Power & Utilities to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Algonquin Power & Utilities presently has an average rating of “Buy” and a consensus price target of C$20.00.

About Algonquin Power & Utilities (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.

Further Reading

Earnings History for Algonquin Power & Utilities (TSE:AQN)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.