EdgePoint Investment Group Inc. Boosts Position in Algonquin Power & Utilities Corp. $AQN

EdgePoint Investment Group Inc. raised its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,652,676 shares of the utilities provider’s stock after buying an additional 4,888,235 shares during the period. Algonquin Power & Utilities comprises 2.5% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its 16th largest position. EdgePoint Investment Group Inc. owned 0.08% of Algonquin Power & Utilities worth $331,292,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its stake in shares of Algonquin Power & Utilities by 2.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock valued at $424,000 after acquiring an additional 1,800 shares during the period. SG Americas Securities LLC increased its holdings in Algonquin Power & Utilities by 29.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,840 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 3,572 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Algonquin Power & Utilities by 6.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 81,643 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 4,840 shares during the period. Samalin Investment Counsel LLC lifted its stake in shares of Algonquin Power & Utilities by 5.3% during the third quarter. Samalin Investment Counsel LLC now owns 111,613 shares of the utilities provider’s stock worth $599,000 after purchasing an additional 5,596 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Algonquin Power & Utilities by 0.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,269,433 shares of the utilities provider’s stock worth $7,296,000 after buying an additional 6,804 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AQN has been the subject of a number of recent research reports. TD Cowen lowered their target price on Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Scotiabank raised shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective for the company in a research report on Tuesday, December 16th. Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. National Bank Financial reduced their target price on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Finally, Wall Street Zen downgraded shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Sunday. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.63.

Algonquin Power & Utilities Trading Up 0.7%

Shares of AQN opened at $6.33 on Friday. Algonquin Power & Utilities Corp. has a one year low of $4.45 and a one year high of $7.11. The stock has a 50-day moving average price of $6.54 and a 200 day moving average price of $6.09. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.98 and a current ratio of 1.00. The company has a market capitalization of $4.87 billion, a P/E ratio of 27.54 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The company had revenue of $630.70 million for the quarter, compared to the consensus estimate of $625.77 million. During the same period in the previous year, the business earned $0.06 EPS. Algonquin Power & Utilities’s revenue for the quarter was up 7.8% compared to the same quarter last year. 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. Sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.1%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 113.04%.

Algonquin Power & Utilities Company Profile

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.