Raymond James comments on Algonquin Power & Utilities Corp’s Q4 2024 earnings. (TSE:AQN)

Algonquin Power & Utilities Corp. (TSE:AQN – Free Report) – Investment analysts at Raymond James cut their Q4 2024 EPS estimates for shares of Algonquin Power & Utilities in a research note issued on Monday, August 12th. Raymond James D. Quezada analyst now anticipates that the company will post earnings per share of $0.16 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 $0.65 per share. Raymond James also issued estimates for Algonquin Power & Utilities 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.

AQN has been the subject of a number of other research reports. National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Desjardins cut their price target on shares of Algonquin Power & Utilities from $5.75 to $5.50 and set a “hold” rating for the company in a report on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Algonquin Power & Utilities presently has an average rating of “Hold” and a consensus price target of $7.08, according to MarketBeat.com.

Check out our latest analysis of Algonquin Power & Utilities

Algonquin Power & Utilities stock performance

Shares of AQN stock opened at $7.00 on Wednesday. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -10.45, a PEG ratio of 1.07 and a beta of 0.47. Algonquin Power & Utilities has a one year low of $6.75 and a one year high of $10.42. The company’s 50-day simple moving average is $8.21 and its 200-day simple moving average is $8.31. The company has a debt-to-equity ratio of 141.91, a quick ratio of 0.37, and a current ratio of 0.98.

Algonquin Power & Utilities Cuts Dividend

The company 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. This represents an annualized dividend of $0.36 and a dividend yield of 5.14%. The ex-dividend date is Friday, September 27. Algonquin Power & Utilities’s dividend payout ratio (DPR) is -89.55%.

About Algonquin Power & Utilities

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

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