Algonquin Power & Utilities (NYSE:AQN) Given New $6.00 Price Target at TD Cowen

Algonquin Power & Utilities (NYSE:AQN) had its target price decreased by TD Cowen from $6.50 to $6.00 in a report released on Monday morning, MarketBeat reports. TD Cowen currently has a hold rating on the utilities provider’s stock.

AQN has been the subject of several other reports. Janney Montgomery Scott set a $7.00 target price on Algonquin Power & Utilities in a report on Monday, November 10th. Zacks Research raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Scotiabank upgraded Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective for the company in a research note on Tuesday, December 16th. Desjardins raised their target price on Algonquin Power & Utilities from $7.00 to $7.25 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings cut Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Algonquin Power & Utilities has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN opened at $6.20 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 1.26. Algonquin Power & Utilities has a twelve month low of $4.45 and a twelve month high of $7.11. The stock’s 50 day moving average is $6.54 and its 200-day moving average is $6.08. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 26.94 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.45% and a net margin of 7.32%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Sell-side analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 113.04%.

Institutional Trading of Algonquin Power & Utilities

Several hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its position in shares of Algonquin Power & Utilities by 32.6% during the 4th quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock valued at $502,563,000 after buying an additional 20,074,709 shares during the last quarter. Vanguard Group Inc. increased its holdings in Algonquin Power & Utilities by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 34,456,155 shares of the utilities provider’s stock worth $211,871,000 after acquiring an additional 711,569 shares during the last quarter. Bank of Montreal Can increased its holdings in Algonquin Power & Utilities by 23.1% in the 4th quarter. Bank of Montreal Can now owns 20,717,144 shares of the utilities provider’s stock worth $127,395,000 after acquiring an additional 3,886,254 shares during the last quarter. Ariel Investments LLC raised its stake in Algonquin Power & Utilities by 88.6% in the 2nd quarter. Ariel Investments LLC now owns 13,112,831 shares of the utilities provider’s stock valued at $75,137,000 after acquiring an additional 6,160,490 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Algonquin Power & Utilities by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after acquiring an additional 4,808,539 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Key Algonquin Power & Utilities News

Here are the key news stories impacting Algonquin Power & Utilities this week:

• Positive Sentiment: Raymond James upgraded AQN from “market perform” to “outperform” and raised its price target to $7.25 (from $6.50), signaling stronger analyst conviction and providing upside potential versus the current price. Raymond James Upgrade (Benzinga)
• Neutral Sentiment: Desjardins cut its price target to $7.00 from $7.25 but kept a “buy” rating — a modest downgrade to upside expectations but still a positive stance on the stock. Desjardins Price Target Cut (BayStreet.CA)
• Neutral Sentiment: National Bank Financial trimmed its target to $7.25 from $7.50 while maintaining an “outperform” rating, similarly reducing upside size but maintaining a favorable view. National Bank Financial PT Cut (BayStreet.CA)
• Neutral Sentiment: Sector coverage is turning constructive, with outlets highlighting PG&E, Algonquin and Avista as drawing fresh analyst interest — a broader tailwind for utility names but not a company-specific catalyst. Sector Interest Article (247WallSt)
• Negative Sentiment: TD Cowen lowered its price target to $6.00 from $6.50 and moved to a “hold,” marking the clearest negative analyst signal and implying limited near-term upside. TD Cowen Downgrade (Finviz)
• Negative Sentiment: Separately, Canadian-listed AQN saw a heavy one-day decline recently (reported ~10.4% drop), a reminder of volatility and cross-listing dynamics that can amplify moves. That past drop may still weigh on investor sentiment. Shares Down 10.4% (DefenseWorld)

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.