Algonquin Power & Utilities (TSE:AQN) Lowered to “Hold” at Raymond James

Raymond James lowered shares of Algonquin Power & Utilities (TSE:AQN) from a moderate buy rating to a hold rating in a research note released on Monday, Zacks.com reports. Raymond James also issued estimates for Algonquin Power & Utilities’ Q4 2024 earnings at $0.16 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.16 EPS and FY2025 earnings at $0.63 EPS.

A number of other equities research analysts have also issued reports on the company. Desjardins cut their target price on Algonquin Power & Utilities from C$5.75 to C$5.50 and set a hold rating on the stock in a research report on Tuesday, April 30th. National Bank Financial upgraded Algonquin Power & Utilities from a hold rating to a strong-buy rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average target price of C$7.08.

Algonquin Power & Utilities Stock Up 0.3 %

TSE AQN opened at C$7.02 on Monday. The company has a market capitalization of C$4.84 billion, a P/E ratio of -10.48, a PEG ratio of 1.07 and a beta of 0.47. Algonquin Power & Utilities has a 12 month low of C$6.75 and a 12 month high of C$10.42. The company’s 50 day simple moving average is C$8.18 and its 200 day simple moving average is C$8.30. The company has a debt-to-equity ratio of 141.91, a current ratio of 0.98 and a quick ratio of 0.37.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.13%. Algonquin Power & Utilities’s dividend payout ratio is -89.55%.

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.