Algonquin Power & Utilities (NYSE:AQN) Reaches New 1-Year Low – Here’s Why

Algonquin Power & Utilities Corp. (NYSE:AQN)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.30 and last traded at $5.3350, with a volume of 2880328 shares changing hands. The stock had previously closed at $5.43.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AQN. TD set a $6.00 price objective on Algonquin Power & Utilities and gave the stock a “hold” rating in a research note on Monday, August 31st. Weiss Ratings downgraded Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, National Bank Financial set a $7.00 target price on Algonquin Power & Utilities and gave the company an “outperform” rating in a research note on Tuesday, September 1st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.72.

Algonquin Power & Utilities Stock Performance

The business has a 50-day moving average price of $5.76 and a 200-day moving average price of $6.03. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 28.03 and a beta of 0.70. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $582.99 million for the quarter, compared to analysts’ expectations of $582.99 million. Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. During the same quarter in the prior year, the company posted $0.04 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 forecast that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 dividend on an annualized basis and a yield of 4.9%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 136.84%.

Institutional Investors Weigh In On Algonquin Power & Utilities

Several institutional investors have recently added to or reduced their stakes in AQN. EdgePoint Investment Group Inc. raised its holdings in shares of Algonquin Power & Utilities by 32.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after buying an additional 20,074,709 shares during the last quarter. Norges Bank purchased a new stake in shares of Algonquin Power & Utilities during the fourth quarter valued at $67,065,000. Bank of Nova Scotia purchased a new stake in shares of Algonquin Power & Utilities during the second quarter valued at $46,703,000. Legal & General Group Plc acquired a new position in shares of Algonquin Power & Utilities in the 2nd quarter valued at $37,553,000. Finally, Goldman Sachs Group Inc. increased its position 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. Institutional investors and hedge funds own 62.28% of the company’s stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a North American utility and renewable energy company headquartered in Oakville, Ontario. Through its Liberty operating businesses, the company has provided regulated electricity, natural gas, water and wastewater services to residential, commercial and industrial customers.

Algonquin has historically operated regulated utility systems in the United States and Canada, with activities including electricity distribution and transmission, natural gas distribution, and water and wastewater utilities.