Algonquin Power & Utilities Corp. (AQN) – What Are Researchers Saying About This Stock?

Algonquin Power & Utilities Corp. (NYSE:AQN) has been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $6.66.

A number of analysts recently commented on the company. Huntington started coverage on Algonquin Power & Utilities in a research note on Monday, September 14th. They issued an “outperform” rating and a $7.00 price target for the company. National Bank Financial set a $7.00 price objective on shares of Algonquin Power & Utilities and gave the company an “outperform” rating in a research report on Tuesday, September 1st. Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Barclays dropped their target price on shares of Algonquin Power & Utilities from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Finally, TD set a $6.00 target price on shares of Algonquin Power & Utilities and gave the stock a “hold” rating in a research report on Monday, August 31st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in Algonquin Power & Utilities by 13.0% in the first quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider’s stock worth $83,497,000 after purchasing an additional 1,563,924 shares during the period. Bank of Nova Scotia purchased a new position in Algonquin Power & Utilities during the second quarter valued at $46,703,000. Dimensional Fund Advisors LP lifted its position in Algonquin Power & Utilities by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,716,896 shares of the utilities provider’s stock valued at $47,382,000 after buying an additional 144,500 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Algonquin Power & Utilities by 85.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,321,263 shares of the utilities provider’s stock valued at $44,861,000 after buying an additional 3,376,321 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Algonquin Power & Utilities during the 2nd quarter valued at $37,553,000. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Stock Up 0.8%

AQN stock opened at $5.41 on Wednesday. Algonquin Power & Utilities has a 52 week low of $4.91 and a 52 week high of $7.11. The firm’s fifty day moving average is $5.36 and its 200 day moving average is $5.97.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. During the same period in the previous year, the company earned $0.04 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. On average, research analysts forecast that Algonquin Power & Utilities will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were issued a $0.0650 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.26 annualized dividend and a yield of 4.8%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company’s regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.