Desjardins Has Positive Estimate for AQN FY2026 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities researchers at Desjardins lifted their FY2026 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a report released on Tuesday, September 30th. Desjardins analyst B. Stadler now anticipates that the utilities provider will post earnings per share of $0.36 for the year, up from their previous estimate of $0.35. Desjardins has a “Buy” rating and a $6.25 price target on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Desjardins also issued estimates for Algonquin Power & Utilities’ FY2027 earnings at $0.44 EPS.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. The business had revenue of $535.59 million during the quarter, compared to analyst estimates of $535.64 million. During the same period in the previous year, the business earned $0.09 EPS.

A number of other research firms have also weighed in on AQN. National Bank Financial raised shares of Algonquin Power & Utilities to a “hold” rating in a report on Sunday, June 8th. TD Securities upgraded Algonquin Power & Utilities to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen cut Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of “Hold” and an average target price of $6.36.

Algonquin Power & Utilities Stock Up 0.3%

AQN stock opened at $5.73 on Thursday. The stock has a 50-day simple moving average of $5.71 and a two-hundred day simple moving average of $5.58. Algonquin Power & Utilities has a twelve month low of $4.19 and a twelve month high of $6.24. The firm has a market capitalization of $4.40 billion, a PE ratio of -3.18 and a beta of 0.72. The company has a quick ratio of 0.86, a current ratio of 1.09 and a debt-to-equity ratio of 1.22.

Institutional Trading of Algonquin Power & Utilities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Sector Pension Investment Board boosted its stake in shares of Algonquin Power & Utilities by 2.5% during the second quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock valued at $424,000 after purchasing an additional 1,800 shares during the period. Bank of New York Mellon Corp boosted its position in Algonquin Power & Utilities by 16.3% during the 1st quarter. Bank of New York Mellon Corp now owns 14,809 shares of the utilities provider’s stock valued at $76,000 after buying an additional 2,073 shares during the period. Ballentine Partners LLC boosted its position in Algonquin Power & Utilities by 10.6% during the 2nd quarter. Ballentine Partners LLC now owns 23,484 shares of the utilities provider’s stock valued at $135,000 after buying an additional 2,242 shares during the period. US Bancorp DE grew its holdings in Algonquin Power & Utilities by 85.7% in the 1st quarter. US Bancorp DE now owns 4,887 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 2,256 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Algonquin Power & Utilities by 5.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 114,834 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 5,693 shares during the period. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.065 per share. The ex-dividend date is Monday, September 29th. This represents a $0.26 annualized dividend and a yield of 4.5%. Algonquin Power & Utilities’s dividend payout ratio is currently -14.44%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.