Algonquin Power & Utilities (NYSE:AQN) Price Target Cut to $7.00 by Analysts at National Bank Financial

Posted by Stanley Muller on Jul 3rd, 2026

Algonquin Power & Utilities (NYSE:AQN – Get Free Report) had its price target cut by analysts at National Bank Financial from $7.25 to $7.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s price objective indicates a potential upside of 27.39% from the company’s previous close.

AQN has been the topic of a number of other reports. Zacks Research cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and increased their price target for the company from $6.50 to $7.25 in a research report on Monday, March 9th. Desjardins dropped their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Canadian Imperial Bank of Commerce boosted their price objective on Algonquin Power & Utilities from $6.25 to $6.50 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Barclays assumed coverage on shares of Algonquin Power & Utilities in a research note on Wednesday, April 1st. They set an “overweight” rating and a $7.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.81.

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Algonquin Power & Utilities Price Performance

AQN stock traded up $0.01 on Friday, hitting $5.50. 11,247,353 shares of the company’s stock traded hands, compared to its average volume of 3,856,917. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 24.98 and a beta of 0.71. Algonquin Power & Utilities has a 1-year low of $5.32 and a 1-year high of $7.11. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $5.98 and a 200-day moving average of $6.26.

Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Algonquin Power & Utilities had a net margin of 6.62% and a return on equity of 5.21%. The firm had revenue of $713.69 million for the quarter, compared to analyst estimates of $713.69 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, analysts forecast that Algonquin Power & Utilities will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors and hedge funds have recently bought and sold shares of the business. EdgePoint Investment Group Inc. lifted its position in shares of Algonquin Power & Utilities by 32.6% in the fourth quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after purchasing an additional 20,074,709 shares in the last quarter. Vanguard Group Inc. grew its position in Algonquin Power & Utilities by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 34,456,155 shares of the utilities provider’s stock valued at $211,871,000 after purchasing an additional 711,569 shares in the last quarter. Bank of Montreal Can grew its position in Algonquin Power & Utilities by 23.1% during the fourth quarter. Bank of Montreal Can now owns 20,717,144 shares of the utilities provider’s stock valued at $127,395,000 after purchasing an additional 3,886,254 shares in the last quarter. Principal Financial Group Inc. increased its stake in Algonquin Power & Utilities by 13.0% in the 1st quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider’s stock valued at $83,497,000 after buying an additional 1,563,924 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Algonquin Power & Utilities by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after buying an additional 4,808,539 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

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Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.