FY2025 Earnings Estimate for AQN Issued By Raymond James

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Equities researchers at Raymond James decreased their FY2025 earnings per share (EPS) estimates for Algonquin Power & Utilities in a report released on Thursday, January 30th. Raymond James analyst T. Genzebu now anticipates that the utilities provider will earn $0.33 per share for the year, down from their previous estimate of $0.34. 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' Q4 2025 earnings at $0.09 EPS.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The company had revenue of $573.20 million for the quarter, compared to analysts' expectations of $620.46 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis.

Several other research firms have also recently issued reports on AQN. JPMorgan Chase & Co. reissued a "neutral" rating and set a $7.00 price target on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. Scotiabank dropped their price objective on Algonquin Power & Utilities from $5.75 to $5.25 and set a "sector perform" rating on the stock in a report on Friday, November 8th. Royal Bank of Canada restated a "sector perform" rating and set a $6.00 target price on shares of Algonquin Power & Utilities in a research report on Friday, October 11th. Wells Fargo & Company cut their price target on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Finally, CIBC reduced their price target on shares of Algonquin Power & Utilities from $5.75 to $5.50 and set a "neutral" rating for the company in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.13.

Algonquin Power & Utilities Stock Performance

Shares of NYSE AQN traded up $0.01 during mid-day trading on Friday, hitting $4.49. 8,259,797 shares of the company were exchanged, compared to its average volume of 8,408,457. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of -3.48 and a beta of 0.69. The stock has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $5.03. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.79.

Institutional Trading of Algonquin Power & Utilities

Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Algonquin Power & Utilities by 6.0% in the third quarter. Bank of Montreal Can now owns 20,882,966 shares of the utilities provider's stock valued at $115,175,000 after purchasing an additional 1,190,236 shares during the period. EdgePoint Investment Group Inc. grew its holdings in Algonquin Power & Utilities by 5.1% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 17,190,084 shares of the utilities provider's stock valued at $93,918,000 after buying an additional 832,739 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Algonquin Power & Utilities by 45.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 12,959,770 shares of the utilities provider's stock valued at $70,806,000 after acquiring an additional 4,054,711 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Algonquin Power & Utilities by 6.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,720,474 shares of the utilities provider's stock worth $42,105,000 after acquiring an additional 447,246 shares during the period. Finally, Private Management Group Inc. grew its holdings in Algonquin Power & Utilities by 161.2% in the fourth quarter. Private Management Group Inc. now owns 5,924,983 shares of the utilities provider's stock valued at $26,366,000 after purchasing an additional 3,656,840 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 5.80%. The ex-dividend date was Tuesday, December 31st. Algonquin Power & Utilities's payout ratio is -20.15%.

Algonquin Power & Utilities Company Profile

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.