Algonquin Power & Utilities (NYSE:AQN) Upgraded by Raymond James Financial to “Outperform” Rating

Raymond James Financial upgraded shares of Algonquin Power & Utilities (NYSE:AQN) from a market perform rating to an outperform rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $7.25 target price on the utilities provider’s stock, up from their previous target price of $6.50.

A number of other research firms have also weighed in on AQN. Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research note on Saturday. Janney Montgomery Scott set a $7.00 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 10th. TD Cowen lowered 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 report on Monday. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Desjardins raised their price target on shares of Algonquin Power & Utilities from $7.00 to $7.25 and gave the stock a “buy” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.63.

Algonquin Power & Utilities Trading Up 1.9%

NYSE AQN opened at $6.20 on Monday. The firm has a market cap of $4.76 billion, a PE 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 stock has a 50-day moving average of $6.54 and a 200-day moving average of $6.08. 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 posted its quarterly 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. The business had revenue of $630.70 million for the quarter, compared to analyst estimates of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.45% and a net margin of 7.32%.Algonquin Power & Utilities’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company 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. As a group, sell-side analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.065 per share. 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 payout ratio is presently 113.04%.

Institutional Investors Weigh In On Algonquin Power & Utilities

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its stake in shares of Algonquin Power & Utilities by 2.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock valued at $424,000 after purchasing an additional 1,800 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Algonquin Power & Utilities by 1.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 133,733 shares of the utilities provider’s stock worth $823,000 after buying an additional 1,966 shares in the last quarter. LPL Financial LLC lifted its holdings in Algonquin Power & Utilities by 5.7% in the fourth quarter. LPL Financial LLC now owns 37,364 shares of the utilities provider’s stock worth $230,000 after buying an additional 2,026 shares during the period. Infrastructure Capital Advisors LLC lifted its holdings in Algonquin Power & Utilities by 9.4% in the fourth quarter. Infrastructure Capital Advisors LLC now owns 26,642 shares of the utilities provider’s stock worth $164,000 after buying an additional 2,296 shares during the period. Finally, Vident Advisory LLC boosted its position 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 acquiring an additional 2,736 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Algonquin Power & Utilities

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)

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.