What is Scotiabank’s Forecast for AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Analysts at Scotiabank reduced their FY2025 EPS estimates for Algonquin Power & Utilities in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst R. Hope now anticipates that the utilities provider will post earnings per share of $0.26 for the year, down from their previous forecast of $0.28. Scotiabank currently has a “Sector Perform” rating and a $5.50 price target on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Scotiabank also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.33 EPS.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The company had revenue of $584.80 million during the quarter, compared to analysts’ expectations of $644.73 million.

Several other research firms also recently weighed in on AQN. JPMorgan Chase & Co. restated a “neutral” rating and issued a $7.00 price objective on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. Royal Bank of Canada lowered their price target on Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Finally, National Bankshares cut their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.94.

Algonquin Power & Utilities Trading Down 0.8 %

AQN opened at $5.11 on Monday. The stock’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.83. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -3.96 and a beta of 0.71. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. Algonquin Power & Utilities has a one year low of $4.19 and a one year high of $6.79.

Algonquin Power & Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.065 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.09%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently -14.44%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently modified their holdings of AQN. Starboard Value LP lifted its holdings in shares of Algonquin Power & Utilities by 5.1% during the fourth quarter. Starboard Value LP now owns 65,316,000 shares of the utilities provider’s stock worth $290,656,000 after purchasing an additional 3,175,000 shares during the period. FIL Ltd boosted its holdings in shares of Algonquin Power & Utilities by 85.6% in the fourth quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider’s stock valued at $181,473,000 after acquiring an additional 18,857,515 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Algonquin Power & Utilities by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider’s stock worth $139,845,000 after acquiring an additional 544,198 shares during the period. EdgePoint Investment Group Inc. increased its stake in shares of Algonquin Power & Utilities by 32.8% during the fourth quarter. EdgePoint Investment Group Inc. now owns 22,830,789 shares of the utilities provider’s stock worth $101,202,000 after acquiring an additional 5,640,705 shares during the period. Finally, Bank of Montreal Can raised its holdings in Algonquin Power & Utilities by 0.6% during the fourth quarter. Bank of Montreal Can now owns 21,000,723 shares of the utilities provider’s stock worth $93,090,000 after purchasing an additional 117,757 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

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.