Wall Street Zen Downgrades Algonquin Power & Utilities (NYSE:AQN) to Hold

Algonquin Power & Utilities (NYSE:AQN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

AQN has been the topic of several other research reports. TD Cowen lowered their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $6.50 to $7.25 in a report on Monday, March 9th. Desjardins decreased their price target on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 9th. Finally, National Bank Financial cut their price objective on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a research report on Monday, March 9th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of “Hold” and a consensus price target of $6.63.

Algonquin Power & Utilities Stock Up 0.7%

AQN opened at $6.33 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.98 and a current ratio of 1.00. The company has a market capitalization of $4.87 billion, a PE ratio of 27.54 and a beta of 0.75. The stock’s fifty day moving average is $6.54 and its 200-day moving average is $6.09. Algonquin Power & Utilities has a one year low of $4.45 and a one year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last announced its 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. The business had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.47% 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 last year, the business posted $0.06 earnings per share. 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, equities analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Institutional Trading of Algonquin Power & Utilities

Several institutional investors have recently made changes to their positions in AQN. Quarry LP acquired a new position in Algonquin Power & Utilities in the 3rd quarter valued at approximately $29,000. Group One Trading LLC boosted its stake in shares of Algonquin Power & Utilities by 63.3% during 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 purchased a new position in shares of Algonquin Power & Utilities during the 4th quarter valued at $47,000. Fiera Capital Corp purchased a new position in shares of Algonquin Power & Utilities during the 3rd quarter valued at $55,000. Finally, Vise Technologies Inc. acquired a new position in shares of Algonquin Power & Utilities in the third quarter worth $56,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.