Algonquin Power & Utilities (NYSE:AQN) Raised to Outperform at Raymond James Financial

Algonquin Power & Utilities (NYSE:AQN) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued on Monday, MarketBeat reports. The brokerage presently has a $7.25 price target on the utilities provider’s stock. Raymond James Financial’s target price indicates a potential upside of 18.08% from the company’s current price.

Several other brokerages also recently weighed in on AQN. Desjardins lifted their target price on Algonquin Power & Utilities from $7.00 to $7.25 and gave the company a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a report on Saturday. Janney Montgomery Scott set a $7.00 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 10th. Scotiabank raised shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective on the stock in a research note on Tuesday, December 16th. Finally, TD Cowen cut their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.68.

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at $6.14 on Monday. The company’s 50 day simple moving average is $6.54 and its 200-day simple moving average is $6.08. The firm has a market cap of $4.72 billion, a PE ratio of 26.70 and a beta of 0.75. Algonquin Power & Utilities has a 12-month low of $4.29 and a 12-month high of $7.11. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.45%. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the prior year, the firm earned $0.06 EPS. Algonquin Power & Utilities’s revenue for the quarter was up 7.8% on a year-over-year basis. 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 analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AQN. Quarry LP acquired a new stake in shares of Algonquin Power & Utilities in the 3rd quarter worth approximately $29,000. Group One Trading LLC grew its stake 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 worth $46,000 after acquiring an additional 2,900 shares during the period. NewEdge Advisors LLC acquired a new position in Algonquin Power & Utilities in the fourth quarter valued at $47,000. Tudor Investment Corp ET AL purchased a new position in shares of Algonquin Power & Utilities during the 4th quarter worth about $62,000. Finally, Wedbush Securities Inc. purchased a new position in Algonquin Power & Utilities during the second quarter worth approximately $58,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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.