Algonquin Power & Utilities (NYSE:AQN) Price Target Lowered to $7.00 at Desjardins

Algonquin Power & Utilities (NYSE:AQN) had its target price lowered by Desjardins from $7.25 to $7.00 in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the utilities provider’s stock.

A number of other brokerages have also weighed in on AQN. Zacks Research upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a report on Saturday. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $6.50 to $7.25 in a research report on Monday. Weiss Ratings downgraded shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, TD Cowen cut their price target on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a research report on Monday. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

Algonquin Power & Utilities Stock Performance

Shares of NYSE AQN opened at $6.20 on Monday. The stock’s 50-day moving average is $6.54 and its 200 day moving average is $6.08. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 26.94 and a beta of 0.75. Algonquin Power & Utilities has a 1-year low of $4.45 and a 1-year high of $7.11. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Algonquin Power & Utilities had a return on equity of 5.45% and a net margin of 7.32%.The business had revenue of $630.70 million during the quarter, compared to analyst estimates of $625.77 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Algonquin Power & Utilities’s revenue for the quarter was up 7.8% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

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

Institutional Trading of Algonquin Power & Utilities

Large investors have recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. raised its stake in Algonquin Power & Utilities by 32.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after buying an additional 20,074,709 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. Bank of Montreal Can lifted its stake in shares of 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 valued at $127,395,000 after purchasing an additional 3,886,254 shares during the period. Ariel Investments LLC boosted its position in shares of Algonquin Power & Utilities by 88.6% during the second quarter. Ariel Investments LLC now owns 13,112,831 shares of the utilities provider’s stock valued at $75,137,000 after purchasing an additional 6,160,490 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Algonquin Power & Utilities by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after purchasing an additional 4,808,539 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities News Summary

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.