Algonquin Power & Utilities (NYSE:AQN) Shares Cross Below 50-Day Moving Average – What’s Next?

Algonquin Power & Utilities Corp. (NYSE:AQN)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $5.35 and traded as low as $5.29. Algonquin Power & Utilities shares last traded at $5.3250, with a volume of 3,506,554 shares changing hands.

Analyst Ratings Changes

AQN has been the topic of a number of analyst reports. National Bank Financial set a $7.00 price objective on shares of Algonquin Power & Utilities and gave the company an “outperform” rating in a research note on Tuesday, September 1st. Weiss Ratings downgraded shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Barclays lowered their price target on shares of Algonquin Power & Utilities from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. TD set a $6.00 price target on shares of Algonquin Power & Utilities and gave the company a “hold” rating in a report on Monday, August 31st. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Algonquin Power & Utilities from $6.00 to $5.75 and set a “neutral” rating on the stock in a research note on Wednesday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.59.

Algonquin Power & Utilities Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $5.35 and a 200 day moving average of $5.97. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 28.03 and a beta of 0.72.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. The business had revenue of $582.99 million during the quarter, compared to analysts’ expectations of $582.99 million. During the same period 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, equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.35 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were given a $0.0650 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio is presently 136.84%.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds have recently made changes to their positions in AQN. Farther Finance Advisors LLC increased its stake in shares of Algonquin Power & Utilities by 51.3% in the third quarter. Farther Finance Advisors LLC now owns 8,052 shares of the utilities provider’s stock worth $41,000 after buying an additional 2,729 shares during the last quarter. August Group Capital Ltd bought a new position in Algonquin Power & Utilities during the 2nd quarter valued at $62,000. State of Wyoming bought a new position in Algonquin Power & Utilities during the 2nd quarter valued at $63,000. Concurrent Investment Advisors LLC bought a new position in Algonquin Power & Utilities during the 2nd quarter valued at $74,000. Finally, Able Wealth Management LLC acquired a new position in Algonquin Power & Utilities during the 1st quarter worth $77,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company’s regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.