Scotiabank Has Bullish Estimate for AQN FY2027 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Investment analysts at Scotiabank upped their FY2027 earnings per share estimates for shares of Algonquin Power & Utilities in a research note issued on Wednesday, August 19th. Scotiabank analyst R. Hope now anticipates that the utilities provider will post earnings per share of $0.42 for the year, up from their previous estimate of $0.41. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.35 per share.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.The business had revenue of $582.99 million during the quarter, compared to analysts’ expectations of $582.99 million. During the same period in the previous year, the business 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.

AQN has been the subject of a number of other research reports. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price objective for the company. Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Finally, National Bank Financial reduced their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating for the company in a research report on Friday, July 3rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.81.

Algonquin Power & Utilities Price Performance

AQN stock opened at $5.82 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. Algonquin Power & Utilities has a 1 year low of $5.32 and a 1 year high of $7.11. The firm has a 50-day moving average of $5.83 and a 200 day moving average of $6.13. The company has a market cap of $4.48 billion, a P/E ratio of 30.63 and a beta of 0.70.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 annualized dividend and a dividend yield of 4.5%. Algonquin Power & Utilities’s payout ratio is currently 136.84%.

Institutional Investors Weigh In On Algonquin Power & Utilities

Large investors have recently bought and sold shares of the business. EdgePoint Investment Group Inc. boosted its holdings in Algonquin Power & Utilities by 32.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after purchasing an additional 20,074,709 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Algonquin Power & Utilities during the 4th quarter valued at $74,263,000. Norges Bank bought a new position in shares of Algonquin Power & Utilities during the 4th quarter valued at $67,065,000. Bank of Nova Scotia bought a new position in shares of Algonquin Power & Utilities during the 2nd quarter valued at $46,703,000. Finally, Legal & General Group Plc purchased a new position in shares of Algonquin Power & Utilities in the 2nd quarter worth $37,553,000. 62.28% of the stock is currently owned by institutional investors.

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.