What is Scotiabank’s Forecast for AQN FY2026 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities research analysts at Scotiabank lowered their FY2026 earnings estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst R. Hope now expects that the utilities provider will earn $0.35 per share for the year, down from their prior forecast of $0.36. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.36 per share.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Algonquin Power & Utilities had a return on equity of 5.21% and a net margin of 6.62%.The business had revenue of $713.69 million for the quarter, compared to analyst estimates of $713.69 million. During the same period in the previous year, the company posted $0.14 earnings per share.

AQN has been the subject of a number of other reports. Weiss Ratings upgraded Algonquin Power & Utilities from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Canadian Imperial Bank of Commerce boosted their target price on shares of Algonquin Power & Utilities from $6.25 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company assumed coverage on shares of Algonquin Power & Utilities in a research note on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 target price for the company. Barclays began coverage on shares of Algonquin Power & Utilities in a report on Wednesday, April 1st. They issued an “overweight” rating and a $7.00 price target for the company. Finally, National Bank Financial dropped their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a report on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.81.

Algonquin Power & Utilities Stock Performance

AQN opened at $5.61 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 1.26. The stock’s 50 day moving average price is $5.93 and its two-hundred day moving average price is $6.25. The firm has a market capitalization of $4.31 billion, a P/E ratio of 25.48 and a beta of 0.71. Algonquin Power & Utilities has a 12-month low of $5.32 and a 12-month high of $7.11.

Institutional Trading of Algonquin Power & Utilities

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in Algonquin Power & Utilities by 31.4% during the first quarter. Bank of America Corp DE now owns 3,556,090 shares of the utilities provider’s stock worth $21,834,000 after purchasing an additional 849,241 shares in the last quarter. Anson Funds Management LP purchased a new position in shares of Algonquin Power & Utilities in the 1st quarter valued at $3,061,000. Amundi raised its stake in Algonquin Power & Utilities by 87.7% during the 1st quarter. Amundi now owns 155,335 shares of the utilities provider’s stock worth $954,000 after acquiring an additional 72,588 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Algonquin Power & Utilities by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,465,539 shares of the utilities provider’s stock worth $27,403,000 after acquiring an additional 18,044 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC lifted its position in Algonquin Power & Utilities by 9.9% in the first quarter. Infrastructure Capital Advisors LLC now owns 29,288 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 2,646 shares during the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Algonquin Power & Utilities’s dividend payout ratio is 118.18%.

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.