Intact Investment Management Inc. Decreases Position in Algonquin Power & Utilities Corp. $AQN

Intact Investment Management Inc. trimmed its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 12.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,066,619 shares of the utilities provider’s stock after selling 585,500 shares during the period. Intact Investment Management Inc.’s holdings in Algonquin Power & Utilities were worth $25,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. EdgePoint Investment Group Inc. boosted its holdings in shares of Algonquin Power & Utilities by 8.6% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 61,652,676 shares of the utilities provider’s stock worth $331,292,000 after purchasing an additional 4,888,235 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 4,808,539 shares during the period. Packer & Co Ltd purchased a new position in shares of Algonquin Power & Utilities in the 3rd quarter worth approximately $24,235,000. Citadel Advisors LLC boosted its holdings in shares of Algonquin Power & Utilities by 14,166.9% in the 3rd quarter. Citadel Advisors LLC now owns 4,445,126 shares of the utilities provider’s stock worth $23,870,000 after purchasing an additional 4,476,726 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Algonquin Power & Utilities by 138.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,326,407 shares of the utilities provider’s stock worth $17,875,000 after purchasing an additional 1,933,507 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings upgraded Algonquin Power & Utilities from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Wall Street Zen cut Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. TD Cowen reduced their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating on the stock in a research report on Monday, March 9th. Finally, Barclays initiated coverage on shares of Algonquin Power & Utilities in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $7.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Algonquin Power & Utilities has a consensus rating of “Hold” and a consensus price target of $6.68.

Algonquin Power & Utilities Stock Performance

Algonquin Power & Utilities stock opened at $6.30 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.82. Algonquin Power & Utilities Corp. has a 1-year low of $5.26 and a 1-year high of $7.11. The firm has a market capitalization of $4.84 billion, a P/E ratio of 27.37 and a beta of 0.74. The company’s 50-day moving average is $6.40 and its 200 day moving average is $6.25.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The company had revenue of $630.70 million for the quarter, compared to analyst estimates of $625.77 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. 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. Research analysts forecast that Algonquin Power & Utilities Corp. will post 0.36 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Tuesday, March 31st. Algonquin Power & Utilities’s dividend payout ratio is 113.04%.

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.