Algonquin Power & Utilities (NYSE:AQN) Upgraded to Hold at National Bank Financial

National Bank Financial upgraded shares of Algonquin Power & Utilities (NYSE:AQN) to a hold rating in a report published on Sunday morning,Zacks.com reports. National Bank Financial also issued estimates for Algonquin Power & Utilities’ Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.32 EPS, FY2026 earnings at $0.36 EPS and FY2027 earnings at $0.43 EPS.

A number of other analysts also recently issued reports on AQN. TD Securities boosted their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “hold” rating in a report on Wednesday, June 4th. Scotiabank upped their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. CIBC upped their price objective on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. Raymond James upped their price objective on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen cut shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to MarketBeat, Algonquin Power & Utilities has an average rating of “Hold” and a consensus price target of $6.31.

Algonquin Power & Utilities Stock Up 0.8%

Algonquin Power & Utilities stock opened at $5.84 on Friday. The firm has a market capitalization of $4.48 billion, a PE ratio of -4.52 and a beta of 0.67. The company’s 50-day moving average is $5.40 and its 200-day moving average is $4.94. 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 current ratio of 0.92 and a quick ratio of 0.73.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. The firm had revenue of $692.40 million during the quarter, compared to analysts’ expectations of $699.08 million. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. During the same period in the previous year, the business posted $0.14 earnings per share. Sell-side analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 4.46%. The ex-dividend date is Monday, June 30th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently -16.77%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in shares of Algonquin Power & Utilities by 65.0% during 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 last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Algonquin Power & Utilities by 84.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider’s stock valued at $216,868,000 after acquiring an additional 19,392,805 shares during the last quarter. Corvex Management LP boosted its position in shares of Algonquin Power & Utilities by 69.9% during the 1st quarter. Corvex Management LP now owns 5,683,855 shares of the utilities provider’s stock valued at $29,215,000 after acquiring an additional 2,338,400 shares during the last quarter. Ariel Investments LLC bought a new stake in shares of Algonquin Power & Utilities during the 1st quarter valued at about $35,735,000. Finally, Southpoint Capital Advisors LP bought a new stake in Algonquin Power & Utilities in the 1st quarter worth approximately $51,400,000. Institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

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.