Algonquin Power & Utilities (NYSE:AQN) Cut to Hold at Zacks Research

Zacks Research cut shares of Algonquin Power & Utilities (NYSE:AQN) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Scotiabank upgraded shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective on the stock in a report on Tuesday, December 16th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating on the stock in a report on Tuesday. Raymond James Financial raised shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $6.50 to $7.25 in a research report on Monday. Janney Montgomery Scott set a $7.00 target price on shares of Algonquin Power & Utilities in a report on Monday, November 10th. Finally, Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Hold” and a consensus target price of $6.63.

Algonquin Power & Utilities Stock Up 1.9%

NYSE AQN opened at $6.29 on Monday. Algonquin Power & Utilities has a 52 week low of $4.45 and a 52 week high of $7.11. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The business’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $6.09. The firm has a market cap of $4.83 billion, a PE ratio of 27.33 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The firm had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $625.77 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. 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. As a group, equities analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Algonquin Power & Utilities’s dividend payout ratio is currently 113.04%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AQN. Quarry LP purchased a new stake in Algonquin Power & Utilities during the 3rd quarter worth approximately $29,000. Group One Trading LLC boosted its position in Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after buying an additional 2,900 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Algonquin Power & Utilities in the fourth quarter worth $47,000. Tudor Investment Corp ET AL acquired a new position in shares of Algonquin Power & Utilities in the fourth quarter worth $62,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Algonquin Power & Utilities during the second quarter worth $58,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

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.