Raymond James Issues Positive Forecast for AQN Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Stock analysts at Raymond James raised their Q1 2025 earnings estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Thursday, April 17th. Raymond James analyst T. Genzebu now expects that the utilities provider will earn $0.10 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. Raymond James also issued estimates for Algonquin Power & Utilities' Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, FY2025 earnings at $0.31 EPS, Q1 2026 earnings at $0.10 EPS, Q2 2026 earnings at $0.07 EPS, Q3 2026 earnings at $0.08 EPS, Q4 2026 earnings at $0.09 EPS and FY2026 earnings at $0.35 EPS.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $584.80 million for the quarter, compared to the consensus estimate of $644.73 million. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating for the company in a report on Tuesday, February 18th. Scotiabank upped their price target on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, National Bankshares reduced their price objective on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Algonquin Power & Utilities has an average rating of "Hold" and an average target price of $5.94.

Algonquin Power & Utilities Price Performance

NYSE:AQN traded down $0.10 during mid-day trading on Friday, reaching $5.29. The stock had a trading volume of 5,833,634 shares, compared to its average volume of 7,414,566. The stock has a market capitalization of $4.06 billion, a P/E ratio of -4.10 and a beta of 0.65. The firm has a 50 day moving average price of $5.00 and a two-hundred day moving average price of $4.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. Algonquin Power & Utilities has a one year low of $4.19 and a one year high of $6.79.

Hedge Funds Weigh In On Algonquin Power & Utilities

Hedge funds and other institutional investors have recently modified their holdings of the stock. FIL Ltd raised its position in shares of Algonquin Power & Utilities by 85.6% in the 4th quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider's stock worth $181,473,000 after acquiring an additional 18,857,515 shares in the last quarter. Norges Bank purchased a new position in Algonquin Power & Utilities during the fourth quarter valued at $31,508,000. EdgePoint Investment Group Inc. boosted its holdings in shares of Algonquin Power & Utilities by 32.8% during the 4th quarter. EdgePoint Investment Group Inc. now owns 22,830,789 shares of the utilities provider's stock valued at $101,202,000 after buying an additional 5,640,705 shares in the last quarter. Packer & Co Ltd purchased a new stake in shares of Algonquin Power & Utilities in the 1st quarter worth about $23,197,000. Finally, Private Management Group Inc. increased its stake in shares of Algonquin Power & Utilities by 161.2% in the 4th quarter. Private Management Group Inc. now owns 5,924,983 shares of the utilities provider's stock worth $26,366,000 after acquiring an additional 3,656,840 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Monday, March 31st. Algonquin Power & Utilities's payout ratio is -14.44%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.