Scotiabank Issues Pessimistic Estimate for AQN Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Scotiabank cut their FY2027 earnings per share estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Thursday, March 12th. Scotiabank analyst R. Hope now expects that the utilities provider will post earnings of $0.41 per share for the year, down from their previous forecast of $0.43. Scotiabank currently has a “Sector Outperform” rating and a $6.50 price objective on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter 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.

AQN has been the subject of a number of other research reports. Desjardins decreased their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Raymond James Financial raised shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.50 to $7.25 in a report on Monday, March 9th. Wall Street Zen upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Canadian Imperial Bank of Commerce reduced their price target on Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating for the company in a report on Tuesday. Finally, Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of “Hold” and a consensus price target of $6.63.

Algonquin Power & Utilities Price Performance

Shares of AQN opened at $6.33 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.98 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is $6.54 and its 200 day simple moving average is $6.09. Algonquin Power & Utilities has a 1-year low of $4.45 and a 1-year high of $7.11. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 27.54 and a beta of 0.75.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its stake 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 buying an additional 13,603 shares during the last quarter. Vident Advisory LLC lifted its position in Algonquin Power & Utilities by 9.6% during the fourth quarter. Vident Advisory LLC now owns 31,199 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 2,736 shares during the last quarter. Mackenzie Financial Corp lifted its position in Algonquin Power & Utilities by 40.6% during the fourth quarter. Mackenzie Financial Corp now owns 885,632 shares of the utilities provider’s stock worth $5,479,000 after acquiring an additional 255,549 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth approximately $47,000. Finally, Empowered Funds LLC acquired a new position in shares of Algonquin Power & Utilities in the fourth quarter valued at approximately $1,817,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.065 dividend. The ex-dividend date of this dividend 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%.

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.