Brokerages Set Algonquin Power & Utilities Corp. (NYSE:AQN) Target Price at $6.63

Algonquin Power & Utilities Corp. (NYSE:AQN) has been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.6250.

A number of analysts have issued reports on AQN shares. TD Cowen decreased their price target on Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a report on Monday. National Bank Financial dropped their price objective on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a report on Monday. Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Zacks Research cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Raymond James Financial raised Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and upped their price target for the company from $6.50 to $7.25 in a report on Monday.

Algonquin Power & Utilities Stock Up 0.2%

Shares of AQN opened at $6.30 on Tuesday. The company’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $6.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.98 and a current ratio of 1.00. Algonquin Power & Utilities has a 1 year low of $4.45 and a 1 year high of $7.11. The stock has a market capitalization of $4.84 billion, a PE ratio of 27.37 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, beating 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 firm had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s quarterly 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. Analysts forecast that Algonquin Power & Utilities will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

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

Institutional Investors Weigh In On Algonquin Power & Utilities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Algonquin Power & Utilities in the third quarter valued at $29,000. Group One Trading LLC increased its position in shares of Algonquin Power & Utilities by 63.3% during the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 2,900 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth about $47,000. Tudor Investment Corp ET AL purchased a new stake in shares of Algonquin Power & Utilities in the 4th quarter valued at about $62,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Algonquin Power & Utilities in the 2nd quarter valued at about $58,000. 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.