Algonquin Power & Utilities Corp. Forecasted to Earn Q1 2025 Earnings of $0.14 Per Share (NYSE:AQN)

Algonquin Power & Utilities Corp. (NYSE:AQN) – Research analysts at Raymond James issued their Q1 2025 EPS estimates for Algonquin Power & Utilities in a research note issued to investors on Thursday, April 25th. Raymond James analyst D. Quezada expects that the utilities provider will post earnings of $0.14 per share for the quarter. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.49 per share. Raymond James also issued estimates for Algonquin Power & Utilities’ Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.56 EPS.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, March 8th. The utilities provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Algonquin Power & Utilities had a net margin of 1.06% and a return on equity of 5.64%. The firm had revenue of $666.90 million for the quarter, compared to the consensus estimate of $661.73 million. During the same period in the previous year, the company earned $0.22 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis.

Other equities analysts have also recently issued reports about the company. Desjardins raised Algonquin Power & Utilities from a “sell” rating to a “hold” rating and boosted their target price for the company from $4.75 to $5.75 in a research note on Monday, March 11th. Scotiabank cut their target price on Algonquin Power & Utilities from $7.50 to $6.50 and set a “sector perform” rating for the company in a research report on Monday. TD Securities raised their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “hold” rating in a research note on Monday, March 11th. BMO Capital Markets upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $7.00 to $7.50 in a report on Monday, January 8th. Finally, National Bankshares dropped their target price on Algonquin Power & Utilities from $7.50 to $7.25 and set a “sector perform” rating on the stock in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of “Hold” and an average price target of $7.67.

Algonquin Power & Utilities Stock Down 0.2 %

NYSE:AQN traded down $0.01 during trading hours on Friday, hitting $6.16. 651,342 shares of the company traded hands, compared to its average volume of 4,736,776. The firm’s 50-day simple moving average is $6.05 and its 200-day simple moving average is $5.99. Algonquin Power & Utilities has a one year low of $4.90 and a one year high of $9.14. The company has a market cap of $4.25 billion, a PE ratio of 205.50 and a beta of 0.66. The company has a quick ratio of 0.50, a current ratio of 0.63 and a debt-to-equity ratio of 1.23.

Algonquin Power & Utilities Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.1085 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.43 annualized dividend and a dividend yield of 7.05%. Algonquin Power & Utilities’s payout ratio is 1,433.33%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in Algonquin Power & Utilities by 9.5% during the third quarter. Commonwealth Equity Services LLC now owns 79,789 shares of the utilities provider’s stock valued at $472,000 after acquiring an additional 6,931 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new position in Algonquin Power & Utilities in the 3rd quarter valued at $70,000. Ceredex Value Advisors LLC grew its position in shares of Algonquin Power & Utilities by 7.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 2,042,100 shares of the utilities provider’s stock worth $12,313,000 after buying an additional 149,700 shares in the last quarter. Forsta AP Fonden lifted its stake in shares of Algonquin Power & Utilities by 18.8% during the 3rd quarter. Forsta AP Fonden now owns 439,400 shares of the utilities provider’s stock worth $2,613,000 after purchasing an additional 69,500 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Algonquin Power & Utilities by 313.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 770,885 shares of the utilities provider’s stock valued at $4,584,000 after buying an additional 584,358 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.