Raymond James Comments on Algonquin Power & Utilities Corp.’s Q1 2025 Earnings (NYSE:AQN)

Algonquin Power & Utilities Corp. (NYSE:AQN) – Raymond James issued their Q1 2025 earnings estimates for shares of Algonquin Power & Utilities in a research note issued on Thursday, April 25th. Raymond James analyst D. Quezada expects that the utilities provider will post earnings of $0.14 per share for the quarter. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.49 per share. Raymond James also issued estimates for Algonquin Power & Utilities’ Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.56 EPS.

AQN has been the subject of several other reports. Scotiabank reduced their target price on Algonquin Power & Utilities from $7.50 to $6.50 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. BMO Capital Markets upgraded shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $7.00 to $7.50 in a research report on Monday, January 8th. StockNews.com upgraded shares of Algonquin Power & Utilities to a “sell” rating in a research report on Wednesday, April 17th. TD Securities lifted their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “hold” rating in a report on Monday, March 11th. Finally, National Bankshares reduced their target price on Algonquin Power & Utilities from $7.50 to $7.25 and set a “sector perform” rating for the company in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Hold” and an average price target of $7.67.

Algonquin Power & Utilities Stock Performance

NYSE AQN opened at $6.12 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.50 and a debt-to-equity ratio of 1.23. Algonquin Power & Utilities has a twelve month low of $4.90 and a twelve month high of $9.14. The stock has a 50-day moving average of $6.05 and a 200 day moving average of $5.99. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 205.33 and a beta of 0.66.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, March 8th. The utilities provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Algonquin Power & Utilities had a net margin of 1.06% and a return on equity of 5.64%. The business had revenue of $666.90 million during the quarter, compared to the consensus estimate of $661.73 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s revenue was down 10.8% compared to the same quarter last year.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently added to or reduced their stakes in AQN. Pacifica Partners Inc. grew its holdings in Algonquin Power & Utilities by 1,975.0% in the 4th quarter. Pacifica Partners Inc. now owns 4,150 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,950 shares in the last quarter. Parallel Advisors LLC increased its position in Algonquin Power & Utilities by 76.3% during the fourth quarter. Parallel Advisors LLC now owns 4,347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 1,882 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Algonquin Power & Utilities during the third quarter worth about $28,000. CTC Alternative Strategies Ltd. acquired a new position in Algonquin Power & Utilities in the 3rd quarter valued at about $62,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Algonquin Power & Utilities in the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.1085 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 7.09%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 1,433.33%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.