Algonquin Power & Utilities Corp. (NYSE:AQN) to Post FY2025 Earnings of $0.48 Per Share, National Bank Financial Forecasts

Algonquin Power & Utilities Corp. (NYSE:AQNFree Report) – Analysts at National Bank Financial reduced their FY2025 earnings per share estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Wednesday, May 29th. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings of $0.48 per share for the year, down from their prior estimate of $0.53. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.44 per share.

AQN has been the topic of several other reports. Scotiabank lowered their price objective on Algonquin Power & Utilities from $7.50 to $6.50 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. TD Securities increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “hold” rating in a research note on Monday, March 11th. Wells Fargo & Company boosted their target price on shares of Algonquin Power & Utilities from $8.00 to $8.50 and gave the company an “overweight” rating in a research note on Monday, May 13th. StockNews.com upgraded shares of Algonquin Power & Utilities to a “sell” rating in a research report on Friday, May 10th. Finally, Desjardins reduced their price target on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a “hold” rating on the stock in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.44.

View Our Latest Stock Analysis on Algonquin Power & Utilities

Algonquin Power & Utilities Stock Performance

NYSE:AQN opened at $6.25 on Thursday. The firm has a market capitalization of $4.31 billion, a PE ratio of -12.76 and a beta of 0.64. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.42. Algonquin Power & Utilities has a 12-month low of $4.90 and a 12-month high of $8.74. The firm has a 50-day moving average price of $6.29 and a 200 day moving average price of $6.17.

Algonquin Power & Utilities (NYSE:AQNGet Free Report) last announced its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Algonquin Power & Utilities had a negative net margin of 12.44% and a positive return on equity of 5.39%. The business had revenue of $737.10 million during the quarter, compared to analyst estimates of $813.38 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year.

Algonquin Power & Utilities Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.108 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Friday, June 28th. Algonquin Power & Utilities’s dividend payout ratio is presently -87.76%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in Algonquin Power & Utilities by 76.3% in the 4th 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. EverSource Wealth Advisors LLC lifted its stake in shares of Algonquin Power & Utilities by 10.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 21,628 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 1,972 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Algonquin Power & Utilities by 0.8% during the fourth quarter. Mackenzie Financial Corp now owns 459,806 shares of the utilities provider’s stock valued at $2,902,000 after acquiring an additional 3,443 shares during the period. Metis Global Partners LLC boosted its holdings in Algonquin Power & Utilities by 10.0% in the fourth quarter. Metis Global Partners LLC now owns 39,623 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 3,607 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Algonquin Power & Utilities by 8.7% in the third quarter. Assenagon Asset Management S.A. now owns 47,547 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 3,820 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Algonquin Power & Utilities (NYSE:AQN)

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