Algonquin Power & Utilities (NYSE:AQN) Rating Lowered to Hold at Wall Street Zen

Algonquin Power & Utilities (NYSE:AQN) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other analysts also recently issued reports about the stock. Desjardins decreased their target price on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a research report on Monday, March 9th. Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Scotiabank upgraded shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective for the company in a report on Tuesday, December 16th. National Bank Financial lowered their target price on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Finally, Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $7.25 in a report on Monday, March 9th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.63.

Algonquin Power & Utilities Stock Up 0.7%

AQN opened at $6.33 on Friday. The company has a market capitalization of $4.87 billion, a PE ratio of 27.54 and a beta of 0.75. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.98. Algonquin Power & Utilities has a fifty-two week low of $4.45 and a fifty-two week high of $7.11. The business has a 50-day moving average of $6.54 and a 200-day moving average of $6.09.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Equities research analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Institutional Trading of Algonquin Power & Utilities

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in Algonquin Power & Utilities in the 3rd quarter valued at approximately $29,000. Group One Trading LLC lifted its holdings in shares of Algonquin Power & Utilities by 63.3% during the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock worth $46,000 after buying an additional 2,900 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth $47,000. Tudor Investment Corp ET AL acquired a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth $62,000. Finally, Fiera Capital Corp bought a new position in Algonquin Power & Utilities during the third quarter worth $55,000. Institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.