National Bank Financial Analysts Give Algonquin Power & Utilities (NYSE:AQN) a $7.00 Price Target

National Bank Financial set a $7.00 target price on Algonquin Power & Utilities (NYSE:AQN) in a report published on Tuesday,BayStreet reports. The firm currently has an outperform rating on the utilities provider’s stock.

AQN has been the subject of a number of other reports. Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company started coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price objective for the company. Finally, TD set a $6.00 price objective on Algonquin Power & Utilities and gave the company a “hold” rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.72.

Algonquin Power & Utilities Price Performance

Shares of AQN opened at $5.59 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. Algonquin Power & Utilities has a 1-year low of $5.32 and a 1-year high of $7.11. The stock has a market cap of $4.30 billion, a PE ratio of 29.42 and a beta of 0.70. The firm has a fifty day moving average price of $5.78 and a 200 day moving average price of $6.07.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $582.99 million. 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. As a group, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.35 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 dividend on an annualized basis and a yield of 4.7%. Algonquin Power & Utilities’s dividend payout ratio is presently 136.84%.

Institutional Trading of Algonquin Power & Utilities

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new position in Algonquin Power & Utilities during the third quarter worth about $29,000. Group One Trading LLC boosted its holdings in Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 2,900 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Algonquin Power & Utilities during the 4th quarter worth approximately $47,000. Tudor Investment Corp ET AL acquired a new position in Algonquin Power & Utilities during the 4th quarter worth approximately $62,000. Finally, Vise Technologies Inc. acquired a new position in Algonquin Power & Utilities during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors 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.