Algonquin Power & Utilities (NYSE:AQN) PT Set at $6.00 by TD

Algonquin Power & Utilities (NYSE:AQN) received a $6.00 price objective from equities researchers at TD in a report issued on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the utilities provider’s stock. TD’s target price suggests a potential upside of 6.38% from the company’s current price.

AQN has been the topic of a number of other reports. National Bank Financial reduced their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, July 3rd. Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company began coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Moderate Buy” and an average price target of $6.72.

Algonquin Power & Utilities Stock Down 0.4%

Shares of NYSE:AQN traded down $0.02 during trading on Monday, reaching $5.64. The stock had a trading volume of 1,689,373 shares, compared to its average volume of 4,463,451. The firm’s 50-day simple moving average is $5.80 and its 200 day simple moving average is $6.10. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. Algonquin Power & Utilities has a one year low of $5.32 and a one year high of $7.11. The company has a market capitalization of $4.34 billion, a P/E ratio of 29.69 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $582.99 million for the quarter, compared to the consensus estimate of $582.99 million. During the same quarter last year, the firm 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. As a group, research analysts expect that Algonquin Power & Utilities will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AQN. Quarry LP acquired a new stake in shares of Algonquin Power & Utilities during the third quarter worth $29,000. Group One Trading LLC increased its position in shares of Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 2,900 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Algonquin Power & Utilities in the 4th quarter valued at $47,000. Vise Technologies Inc. purchased a new position in Algonquin Power & Utilities in the 3rd quarter worth $56,000. Finally, August Group Capital Ltd purchased a new position in Algonquin Power & Utilities in the 2nd quarter worth $62,000. 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.