Algonquin Power & Utilities (NYSE:AQN) Now Covered by Analysts at Barclays

Barclays started coverage on shares of Algonquin Power & Utilities (NYSE:AQN) in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $7.00 target price on the utilities provider’s stock.

Other research analysts have also issued research reports about the company. National Bank Financial decreased their target price 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. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.50 to $7.25 in a research report on Monday, March 9th. Zacks Research downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Desjardins decreased their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce dropped their target price 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, March 10th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.66.

Algonquin Power & Utilities Trading Up 1.7%

Shares of AQN opened at $6.25 on Wednesday. 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 1.00, a quick ratio of 0.82 and a debt-to-equity ratio of 1.27. The firm’s 50-day moving average price is $6.53 and its 200-day moving average price is $6.15. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 27.15 and a beta of 0.78.

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, topping analysts’ consensus estimates 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 company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same period in the prior year, the firm earned $0.06 earnings per share. Algonquin Power & Utilities’s revenue 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. Sell-side analysts anticipate that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

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 issued a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.26 annualized dividend and a yield of 4.2%. Algonquin Power & Utilities’s payout ratio is 113.04%.

Institutional Investors Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently made changes to their positions in AQN. Purpose Unlimited Inc. bought a new stake in shares of Algonquin Power & Utilities during the fourth quarter valued at approximately $465,000. Invesco Ltd. lifted its position in Algonquin Power & Utilities by 0.4% in the 4th quarter. Invesco Ltd. now owns 3,053,534 shares of the utilities provider’s stock valued at $18,779,000 after acquiring an additional 13,603 shares in the last quarter. Vident Advisory LLC boosted its stake in Algonquin Power & Utilities by 9.6% during the 4th quarter. Vident Advisory LLC now owns 31,199 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 2,736 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Algonquin Power & Utilities by 40.6% during the 4th quarter. Mackenzie Financial Corp now owns 885,632 shares of the utilities provider’s stock valued at $5,479,000 after purchasing an additional 255,549 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in shares of Algonquin Power & Utilities in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

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.