What is Scotiabank’s Forecast for AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Scotiabank boosted their FY2025 EPS estimates for shares of Algonquin Power & Utilities in a research report issued on Monday, June 9th. Scotiabank analyst R. Hope now forecasts that the utilities provider will post earnings per share of $0.31 for the year, up from their previous estimate of $0.29. Scotiabank currently has a “Sector Perform” rating and a $6.50 target price 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 $0.36 EPS.

Several other equities analysts also recently commented on AQN. Desjardins upped their price objective on Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a “hold” rating in a research report on Wednesday, June 4th. TD Securities upped their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “hold” rating in a report on Wednesday, June 4th. Royal Bank of Canada raised their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research note on Wednesday, June 4th. National Bank Financial upgraded shares of Algonquin Power & Utilities to a “hold” rating in a report on Sunday, June 8th. Finally, Wall Street Zen downgraded shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $6.31.

Algonquin Power & Utilities Trading Up 0.7%

Shares of NYSE AQN opened at $5.92 on Wednesday. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.36. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The company has a market cap of $4.55 billion, a price-to-earnings ratio of -4.59 and a beta of 0.67. The business’s 50 day moving average price is $5.45 and its 200-day moving average price is $4.96.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. 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 $692.40 million for the quarter, compared to analyst estimates of $699.08 million. During the same period in the prior year, the company posted $0.14 EPS.

Algonquin Power & Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, June 30th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is -16.77%.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds have recently bought and sold shares of AQN. Goldman Sachs Group Inc. increased its holdings in shares of Algonquin Power & Utilities by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after acquiring an additional 4,808,539 shares during the period. EdgePoint Investment Group Inc. grew its stake in Algonquin Power & Utilities by 84.9% in the first quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider’s stock valued at $216,868,000 after purchasing an additional 19,392,805 shares during the last quarter. Corvex Management LP grew its stake in Algonquin Power & Utilities by 69.9% in the first quarter. Corvex Management LP now owns 5,683,855 shares of the utilities provider’s stock valued at $29,215,000 after purchasing an additional 2,338,400 shares during the last quarter. Ariel Investments LLC bought a new position in Algonquin Power & Utilities in the first quarter worth about $35,735,000. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Algonquin Power & Utilities during the first quarter valued at about $51,400,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

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.