Algonquin Power & Utilities (NYSE:AQN) Stock Rating Lowered by Wall Street Zen

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

Several other research firms have also recently commented on AQN. TD Cowen cut their price target on Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Zacks Research lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce cut their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating for the company in a research report on Tuesday, March 10th. 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 research note on Monday, March 9th. Finally, Desjardins lowered their target price on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Monday, March 9th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.63.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at $6.43 on Friday. The stock has a market capitalization of $4.94 billion, a PE ratio of 27.94 and a beta of 0.75. Algonquin Power & Utilities has a 52-week low of $4.45 and a 52-week high of $7.11. The stock’s 50-day moving average price is $6.55 and its 200 day moving average price is $6.10. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $625.77 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Institutional Trading of Algonquin Power & Utilities

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in Algonquin Power & Utilities by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after buying an additional 4,808,539 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Algonquin Power & Utilities during the 2nd quarter worth approximately $85,000. Geode Capital Management LLC boosted its stake in shares of Algonquin Power & Utilities by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,613,145 shares of the utilities provider’s stock worth $9,243,000 after acquiring an additional 105,560 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in shares of Algonquin Power & Utilities in the 2nd quarter worth approximately $4,607,000. Finally, TD Waterhouse Canada Inc. increased its stake in Algonquin Power & Utilities by 0.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,269,433 shares of the utilities provider’s stock valued at $7,296,000 after purchasing an additional 6,804 shares in the last quarter. 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.