Algonquin Power & Utilities (NYSE:AQN) Research Coverage Started at Huntington

Huntington started coverage on shares of Algonquin Power & Utilities (NYSE:AQN) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $7.00 target price on the utilities provider’s stock.

Several other research analysts have also recently weighed in on the stock. National Bank Financial set a $7.00 price target on shares of Algonquin Power & Utilities and gave the stock an “outperform” rating in a report on Tuesday, September 1st. Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, TD set a $6.00 target price on Algonquin Power & Utilities and gave the stock a “hold” rating in a research report on Monday, August 31st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.75.

Algonquin Power & Utilities Price Performance

AQN stock opened at $5.32 on Monday. The firm has a 50 day moving average of $5.74 and a 200-day moving average of $5.99. The firm has a market capitalization of $4.09 billion, a P/E ratio of 27.98 and a beta of 0.70. Algonquin Power & Utilities has a 12 month low of $5.24 and a 12 month high of $7.11. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28.

Algonquin Power & Utilities (NYSE:AQN) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.The firm had revenue of $582.99 million for the quarter, compared to the consensus estimate of $582.99 million. During the same period last 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 predict that Algonquin Power & Utilities will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The business 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. This represents a $0.26 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s payout ratio is currently 136.84%.

Institutional Trading of Algonquin Power & Utilities

Institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of Algonquin Power & Utilities by 9.4% in the first quarter. Assetmark Inc. now owns 22,141 shares of the utilities provider’s stock worth $136,000 after acquiring an additional 1,895 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Algonquin Power & Utilities by 13.1% in the 1st quarter. Bank of New York Mellon Corp now owns 17,334 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 2,010 shares during the last quarter. Infrastructure Capital Advisors LLC boosted its stake in Algonquin Power & Utilities by 9.4% in the 4th quarter. Infrastructure Capital Advisors LLC now owns 26,642 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 2,296 shares in the last quarter. Terril Brothers Inc. boosted its stake in Algonquin Power & Utilities by 11.3% in the 4th quarter. Terril Brothers Inc. now owns 56,328 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 5,700 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Algonquin Power & Utilities by 31.8% in the 2nd quarter. HighTower Advisors LLC now owns 32,052 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 7,729 shares in the last quarter. Hedge funds and other institutional investors 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.