What is Scotiabank’s Estimate for AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Investment analysts at Scotiabank lowered their FY2025 earnings estimates for Algonquin Power & Utilities in a research note issued on Wednesday, March 19th. Scotiabank analyst R. Hope now forecasts that the utilities provider will post earnings per share of $0.26 for the year, down from their prior estimate of $0.28. Scotiabank has a “Sector Perform” rating and a $5.50 price objective 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 released its quarterly earnings data on Friday, March 7th. The utilities provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $584.80 million during the quarter, compared to analysts’ expectations of $644.73 million. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%.

AQN has been the subject of a number of other reports. Royal Bank of Canada cut 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. National Bankshares lowered their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $7.00 price objective on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of “Hold” and a consensus price target of $5.94.

Algonquin Power & Utilities Trading Down 0.8 %

Shares of Algonquin Power & Utilities stock opened at $5.11 on Monday. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.79. 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 business has a 50 day moving average price of $4.73 and a 200 day moving average price of $4.83. The company has a market capitalization of $3.92 billion, a P/E ratio of -3.96 and a beta of 0.71.

Hedge Funds Weigh In On Algonquin Power & Utilities

Hedge funds have recently made changes to their positions in the business. Capstone Investment Advisors LLC acquired a new stake in Algonquin Power & Utilities in the third quarter valued at approximately $58,000. Walleye Capital LLC acquired a new stake in shares of Algonquin Power & Utilities during the third quarter valued at about $59,000. SVB Wealth LLC acquired a new stake in shares of Algonquin Power & Utilities during the fourth quarter valued at about $49,000. Avantax Advisory Services Inc. purchased a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth about $58,000. Finally, Raymond James Trust N.A. boosted its holdings in Algonquin Power & Utilities by 33.4% in the third quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider’s stock valued at $73,000 after purchasing an additional 3,343 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Dividend Announcement

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

About Algonquin Power & Utilities

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.