During the last session, Algonquin Power & Utilities Corp (NYSE:AQN)’s traded shares were 15.46 million, with the beta value of the company hitting 0.73. At the end of the trading day, the stock’s price was $5.46, reflecting an intraday loss of -0.55% or -$0.03. The 52-week high for the AQN share is $6.79, that puts it down -24.36 from that peak though still a striking 23.26% gain since the share price plummeted to a 52-week low of $4.19. The company’s market capitalization is $4.32B, and the average trade volume was 11.86 million shares over the past three months.
Algonquin Power & Utilities Corp (AQN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. AQN has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
Algonquin Power & Utilities Corp (NYSE:AQN) trade information
Algonquin Power & Utilities Corp (AQN) registered a -0.55% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.55% in intraday trading to $5.46, hitting a weekly high. The stock’s 5-day price performance is 1.49%, and it has moved by 16.17% in 30 days. Based on these gigs, the overall price performance for the year is -16.51%.
The consensus price target of analysts on Wall Street is $6.75, which implies an increase of 19.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.5 and $10.5 respectively. As a result, AQN is trading at a discount of -92.31% off the target high and -0.73% off the low.
Algonquin Power & Utilities Corp (AQN) estimates and forecasts
In the rating firms’ projections, revenue will increase 2.49% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 652.63M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 516.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 737.1M and 598.63M respectively. In this case, analysts expect current quarter sales to shrink by -11.46% and then drop by -13.77% in the coming quarter.
While earnings are projected to return -2.02% in 2025, the next five years will return 7.78% per annum.
AQN Dividends
Algonquin Power & Utilities Corp is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Algonquin Power & Utilities Corp is 0.30, with the dividend yield indicating at 5.56 percent, continuing the trend of increasing dividends in recent years.
The next largest institutional holding, with 28.91 million shares, is of ROYAL BANK OF CANADA’s that is approximately 4.121% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $169.43 million.
Also, the Mutual Funds coming in first place with the largest holdings of Algonquin Power & Utilities Corp (AQN) shares are LAZARD FUNDS INC-Lazard Global Listed Infrastructure Portfolio and VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund . Data provided on Dec 31, 2024 indicates that LAZARD FUNDS INC-Lazard Global Listed Infrastructure Portfolio owns about 41.86 shares. This amounts to just over 5.45 percent of the company’s overall shares, with a $228.56 million market value. The same data shows that the other fund manager holds slightly less at 10.77, or about 1.40% of the stock, which is worth about $58.82 million.
