Desjardins Has Bullish Forecast for AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Analysts at Desjardins upped their FY2025 earnings estimates for shares of Algonquin Power & Utilities in a report issued on Sunday, May 11th. Desjardins analyst B. Stadler now expects that the utilities provider will post earnings per share of $0.27 for the year, up from their previous forecast of $0.26. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share.

AQN has been the topic of several other reports. Scotiabank lifted their target price on shares of Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday. BMO Capital Markets reiterated a “market perform” rating and set a $6.00 target price (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday. Royal Bank of Canada lifted their target price on shares of Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a “sector perform” rating in a research report on Monday. National Bankshares decreased their target price on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, CIBC decreased their target price on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Algonquin Power & Utilities has an average rating of “Hold” and an average target price of $6.03.

Algonquin Power & Utilities Stock Performance

NYSE AQN opened at $5.46 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The company’s fifty day moving average is $5.19 and its two-hundred day moving average is $4.83. Algonquin Power & Utilities has a 52-week low of $4.19 and a 52-week high of $6.75. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of -4.23 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $692.40 million for the quarter, compared to analyst estimates of $699.08 million. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. During the same period last year, the business posted $0.14 EPS.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several institutional investors have recently added to or reduced their stakes in the company. Starboard Value LP lifted its holdings in Algonquin Power & Utilities by 5.1% during the 4th quarter. Starboard Value LP now owns 65,316,000 shares of the utilities provider’s stock valued at $290,656,000 after purchasing an additional 3,175,000 shares during the last quarter. FIL Ltd lifted its holdings in Algonquin Power & Utilities by 85.6% during the 4th quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider’s stock valued at $181,473,000 after purchasing an additional 18,857,515 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Algonquin Power & Utilities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 31,715,401 shares of the utilities provider’s stock valued at $162,859,000 after purchasing an additional 204,473 shares during the last quarter. EdgePoint Investment Group Inc. lifted its holdings in Algonquin Power & Utilities by 32.8% during the 4th quarter. EdgePoint Investment Group Inc. now owns 22,830,789 shares of the utilities provider’s stock valued at $101,202,000 after purchasing an additional 5,640,705 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Algonquin Power & Utilities by 0.6% during the 4th quarter. Bank of Montreal Can now owns 21,000,723 shares of the utilities provider’s stock valued at $93,090,000 after purchasing an additional 117,757 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Monday, June 30th. Algonquin Power & Utilities’s dividend payout ratio is currently -15.48%.

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.