Algonquin Power & Utilities (NYSE:AQN) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Algonquin Power & Utilities (NYSE:AQN) to a hold rating in a research note issued to investors on Sunday,Zacks.com reports. National Bank Financial also issued estimates for Algonquin Power & Utilities’ Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.32 EPS, FY2026 earnings at $0.36 EPS and FY2027 earnings at $0.43 EPS.

Other equities research analysts also recently issued reports about the stock. CIBC upped their price target on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a “neutral” rating in a report on Wednesday, June 4th. Raymond James upped their price target on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, June 4th. Desjardins upped their price target on shares of Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a “hold” rating in a report on Wednesday, June 4th. Royal Bank of Canada upped their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Finally, Scotiabank upped their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.31.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN opened at $5.84 on Friday. Algonquin Power & Utilities has a 12 month low of $4.19 and a 12 month high of $6.36. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of -4.52 and a beta of 0.67. The stock’s 50 day moving average price is $5.40 and its 200 day moving average price is $4.94. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. 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 $692.40 million during the quarter, compared to the consensus estimate of $699.08 million. During the same period in the prior year, the company earned $0.14 EPS. Equities research analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, June 30th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently -16.77%.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. raised its position in shares of Algonquin Power & Utilities by 84.9% in the first quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider’s stock valued at $216,868,000 after purchasing an additional 19,392,805 shares during the period. FIL Ltd boosted its stake in Algonquin Power & Utilities by 85.6% during the fourth quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider’s stock worth $181,473,000 after buying an additional 18,857,515 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in shares of Algonquin Power & Utilities in the 1st quarter valued at $51,400,000. Norges Bank acquired a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth approximately $31,508,000. Finally, Ariel Investments LLC acquired a new stake in shares of Algonquin Power & Utilities during the first quarter worth approximately $35,735,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Company Profile

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.