Scotiabank Has Bearish Forecast for AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Equities research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Algonquin Power & Utilities in a report released on Wednesday, March 19th. Scotiabank analyst R. Hope now forecasts that the utilities provider will earn $0.26 per share for the year, down from their prior forecast of $0.28. Scotiabank has a "Sector Perform" rating and a $5.50 price target on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. Scotiabank also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.33 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 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The business had revenue of $584.80 million for the quarter, compared to the consensus estimate of $644.73 million.

AQN has been the topic of several other reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $7.00 price target on shares of Algonquin Power & Utilities in a research report on Thursday, December 12th. Royal Bank of Canada dropped their target price on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. Finally, National Bankshares reduced their target price on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.94.

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Algonquin Power & Utilities Stock Up 0.3 %

AQN traded up $0.02 on Monday, hitting $5.18. The company had a trading volume of 7,593,624 shares, compared to its average volume of 6,790,123. Algonquin Power & Utilities has a 52-week low of $4.19 and a 52-week high of $6.79. The stock has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a market capitalization of $3.97 billion, a P/E ratio of -4.01 and a beta of 0.71.

Hedge Funds Weigh In On Algonquin Power & Utilities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC bought a new position in shares of Algonquin Power & Utilities during the third quarter valued at $58,000. Walleye Capital LLC bought a new position in Algonquin Power & Utilities during the 3rd quarter valued at about $59,000. SVB Wealth LLC bought a new stake in Algonquin Power & Utilities in the 4th quarter worth approximately $49,000. Avantax Advisory Services Inc. purchased a new stake in Algonquin Power & Utilities during the 4th quarter valued at $58,000. Finally, Raymond James Trust N.A. lifted its holdings in shares of Algonquin Power & Utilities by 33.4% during the 3rd quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider's stock valued at $73,000 after buying an additional 3,343 shares during the period. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a yield of 5.02%. Algonquin Power & Utilities's payout ratio is currently -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.