Algonquin Power & Utilities (NYSE:AQN) Updates FY 2026 Earnings Guidance

Algonquin Power & Utilities (NYSE:AQN) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.350-0.370 for the period, compared to the consensus estimate of 0.360. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2027 guidance to 0.380-0.420 EPS.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AQN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Algonquin Power & Utilities in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce raised their target price on shares of Algonquin Power & Utilities from $6.25 to $6.50 and gave the company a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company started coverage on shares of Algonquin Power & Utilities in a report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price target on the stock. Finally, National Bank Financial cut their price target 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 analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.81.

Algonquin Power & Utilities Stock Down 0.3%

Algonquin Power & Utilities stock traded down $0.01 during midday trading on Friday, reaching $5.74. The company’s stock had a trading volume of 5,389,831 shares, compared to its average volume of 4,573,865. The stock’s 50-day simple moving average is $5.85 and its 200-day simple moving average is $6.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 0.87. Algonquin Power & Utilities has a 52-week low of $5.32 and a 52-week high of $7.11. The stock has a market capitalization of $4.41 billion, a P/E ratio of 26.07 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly 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 5.21% and a net margin of 6.62%.During the same period in the previous year, the business 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. On average, sell-side analysts expect that Algonquin Power & Utilities will post 0.36 EPS for the current year.

Key Algonquin Power & Utilities News

Here are the key news stories impacting Algonquin Power & Utilities this week:

• Positive Sentiment: Algonquin reported progress in regulatory proceedings in Missouri, California and Kansas, potentially improving visibility around future utility operations and rate recovery. Algonquin Power & Utilities Corp. Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The board declared a quarterly common-share dividend of US$0.065 per share, payable October 15 to shareholders of record September 29. The continued payout may support the stock’s income-oriented appeal. Algonquin Declares Third Quarter 2026 Dividend
• Neutral Sentiment: Management set fiscal 2026 EPS guidance at $0.35-$0.37 and fiscal 2027 guidance at $0.38-$0.42. The ranges bracket consensus estimates of $0.36 and $0.40, respectively, suggesting expectations were broadly maintained rather than materially raised or lowered.
• Negative Sentiment: Second-quarter adjusted earnings were $0.04 per share, below the $0.05 analyst consensus and unchanged from the prior-year quarter. Reported net earnings were $4.9 million, or $0.01 per share, while adjusted net earnings totaled $29.2 million, or $0.04 per share. The earnings and revenue shortfall weighed on sentiment. Algonquin Power & Utilities Misses Q2 Earnings and Revenue Estimates

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. 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. Bank of Montreal Can grew its holdings in shares of Algonquin Power & Utilities by 23.1% during the fourth quarter. Bank of Montreal Can now owns 20,717,144 shares of the utilities provider’s stock valued at $127,395,000 after buying an additional 3,886,254 shares during the last quarter. 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. Bank of Nova Scotia increased its position in shares of Algonquin Power & Utilities by 1.0% in the 4th quarter. Bank of Nova Scotia now owns 10,276,178 shares of the utilities provider’s stock valued at $63,187,000 after acquiring an additional 106,232 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Algonquin Power & Utilities by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,572,396 shares of the utilities provider’s stock worth $46,572,000 after acquiring an additional 266,020 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

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.