Algonquin Power & Utilities (NYSE:AQN) Coverage Initiated at Barclays

Analysts at Barclays initiated coverage on shares of Algonquin Power & Utilities (NYSE:AQN) in a research note issued on Wednesday, MarketBeat Ratings reports. The firm set an “overweight” rating and a $7.00 price target on the utilities provider’s stock. Barclays‘s target price would indicate a potential upside of 12.45% from the company’s current price.

A number of other equities research analysts also recently commented on AQN. Weiss Ratings upgraded Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. National Bank Financial reduced their price objective on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a research note on Monday, March 9th. Zacks Research cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Wall Street Zen downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, Raymond James Financial raised shares of 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. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.66.

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at $6.23 on Wednesday. The business has a fifty day moving average of $6.52 and a 200 day moving average of $6.15. The firm has a market capitalization of $4.79 billion, a P/E ratio of 27.07 and a beta of 0.78. Algonquin Power & Utilities has a one year low of $4.45 and a one year high of $7.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.82.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.Algonquin Power & Utilities’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 EPS. 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. As a group, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Institutional Investors Weigh In On Algonquin Power & Utilities

Several hedge funds have recently made changes to their positions in AQN. Purpose Unlimited Inc. purchased a new stake in Algonquin Power & Utilities during the fourth quarter worth $465,000. Invesco Ltd. increased its holdings in shares of Algonquin Power & Utilities by 0.4% in the 4th quarter. Invesco Ltd. now owns 3,053,534 shares of the utilities provider’s stock valued at $18,779,000 after acquiring an additional 13,603 shares during the period. Vident Advisory LLC raised its position in shares of Algonquin Power & Utilities by 9.6% in the 4th quarter. Vident Advisory LLC now owns 31,199 shares of the utilities provider’s stock worth $192,000 after acquiring an additional 2,736 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Algonquin Power & Utilities by 40.6% in the 4th quarter. Mackenzie Financial Corp now owns 885,632 shares of the utilities provider’s stock worth $5,479,000 after acquiring an additional 255,549 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Algonquin Power & Utilities during the 4th quarter worth $47,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

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.