Equities Analysts Offer Predictions for TSE:AQN Q4 Earnings

Algonquin Power & Utilities Corp. (TSE:AQN) – Equities researchers at Raymond James lowered their Q4 2024 earnings estimates for shares of Algonquin Power & Utilities in a research note issued on Sunday, November 10th. Raymond James analyst D. Quezada now anticipates that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.17. Raymond James has a “Hold” rating on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.47 per share. Raymond James also issued estimates for Algonquin Power & Utilities’ Q1 2025 earnings at $0.13 EPS.

Several other brokerages have also commented on AQN. National Bank Financial upgraded Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a “hold” rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$5.50.

Algonquin Power & Utilities Stock Down 0.5 %

Shares of TSE:AQN opened at C$6.63 on Wednesday. The business’s 50 day moving average is C$7.08 and its 200 day moving average is C$7.88. The stock has a market cap of C$5.09 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 52-week low of C$6.51 and a 52-week high of C$9.28. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48.

Algonquin Power & Utilities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.088 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 annualized dividend and a dividend yield of 5.31%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 163.64%.

Insider Transactions at Algonquin Power & Utilities

In other Algonquin Power & Utilities news, Director Christopher Huskilson bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of C$6.65 per share, for a total transaction of C$166,252.50. Insiders own 0.06% of the company’s stock.

About Algonquin Power & Utilities

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.