Quantbot Technologies LP Purchases New Shares in Algonquin Power & Utilities Corp. $AQN

Quantbot Technologies LP purchased a new position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the second quarter, HoldingsChannel reports. The fund purchased 972,628 shares of the utilities provider’s stock, valued at approximately $5,700,000.

A number of other hedge funds have also bought and sold shares of AQN. Quarry LP acquired a new stake in Algonquin Power & Utilities in the 3rd quarter worth about $29,000. Group One Trading LLC grew its position in shares of Algonquin Power & Utilities by 63.3% during the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 2,900 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Algonquin Power & Utilities during the 4th quarter worth approximately $47,000. Vise Technologies Inc. bought a new position in shares of Algonquin Power & Utilities during the third quarter worth approximately $56,000. Finally, August Group Capital Ltd bought a new position in shares of Algonquin Power & Utilities during the second quarter worth approximately $62,000. 62.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price target for the company. National Bank Financial lowered their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, July 3rd. Finally, Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.81.

Algonquin Power & Utilities Trading Down 1.9%

Shares of Algonquin Power & Utilities stock opened at $5.71 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. Algonquin Power & Utilities Corp. has a 12-month low of $5.32 and a 12-month high of $7.11. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 30.05 and a beta of 0.70. The firm’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $6.13.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. The firm had revenue of $582.99 million during the quarter, compared to analyst estimates of $582.99 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. On average, analysts forecast that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.6%. Algonquin Power & Utilities’s payout ratio is 136.84%.

About Algonquin Power & Utilities

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.