Algonquin Power & Utilities Corp. to Post FY2025 Earnings of $0.48 Per Share, National Bank Financial Forecasts (NYSE:AQN)

Algonquin Power & Utilities Corp. (NYSE:AQNFree Report) – Equities researchers at National Bank Financial reduced their FY2025 EPS estimates for Algonquin Power & Utilities in a research note issued on Wednesday, May 29th. National Bank Financial analyst R. Merer now anticipates that the utilities provider will earn $0.48 per share for the year, down from their previous forecast of $0.53. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.44 per share.

AQN has been the subject of several other research reports. National Bankshares increased their price target on shares of Algonquin Power & Utilities from $6.75 to $7.25 and gave the company a “sector perform” rating in a research report on Tuesday. Scotiabank reduced their price target on shares of Algonquin Power & Utilities from $7.50 to $6.50 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Desjardins reduced their price target on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a “hold” rating for the company in a research report on Monday, May 13th. StockNews.com upgraded shares of Algonquin Power & Utilities to a “sell” rating in a research report on Friday, May 10th. Finally, Wells Fargo & Company increased their price target on shares of Algonquin Power & Utilities from $8.00 to $8.50 and gave the company an “overweight” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.44.

Check Out Our Latest Analysis on AQN

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at $6.25 on Thursday. The company has a market cap of $4.31 billion, a P/E ratio of -12.76 and a beta of 0.64. The firm has a 50-day moving average of $6.29 and a 200-day moving average of $6.17. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.98 and a quick ratio of 0.79. Algonquin Power & Utilities has a one year low of $4.90 and a one year high of $8.74.

Algonquin Power & Utilities (NYSE:AQNGet Free Report) last announced its earnings results on Friday, May 10th. The utilities provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $737.10 million during the quarter, compared to analysts’ expectations of $813.38 million. Algonquin Power & Utilities had a negative net margin of 12.44% and a positive return on equity of 5.39%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS.

Algonquin Power & Utilities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.108 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.91%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently -87.76%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Algonquin Power & Utilities by 76.3% in the fourth quarter. Parallel Advisors LLC now owns 4,347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 1,882 shares during the period. EverSource Wealth Advisors LLC raised its stake in Algonquin Power & Utilities by 10.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 21,628 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 1,972 shares in the last quarter. Mackenzie Financial Corp raised its stake in Algonquin Power & Utilities by 0.8% in the fourth quarter. Mackenzie Financial Corp now owns 459,806 shares of the utilities provider’s stock valued at $2,902,000 after purchasing an additional 3,443 shares in the last quarter. Metis Global Partners LLC raised its stake in Algonquin Power & Utilities by 10.0% in the fourth quarter. Metis Global Partners LLC now owns 39,623 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 3,607 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Algonquin Power & Utilities by 8.7% in the third quarter. Assenagon Asset Management S.A. now owns 47,547 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 3,820 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

(Get Free Report)

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.

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

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