Algonquin Power & Utilities Corp. (NYSE:AQN) Announces $0.07 Quarterly Dividend

Algonquin Power & Utilities Corp. (NYSE:AQN) declared a quarterly dividend on Friday, August 7th. Investors of record on Tuesday, September 29th will be given a dividend of 0.065 per share by the utilities provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, September 29th.

Algonquin Power & Utilities has decreased its dividend by an average of 0.3%per year over the last three years. Algonquin Power & Utilities has a payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Algonquin Power & Utilities to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 63.4%.

Algonquin Power & Utilities Price Performance

NYSE AQN traded down $0.01 during trading hours on Friday, reaching $5.74. 5,635,876 shares of the stock traded hands, compared to its average volume of 4,575,505. The stock has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $6.18. Algonquin Power & Utilities has a 1 year low of $5.32 and a 1 year high of $7.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 0.87. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 26.07 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.21% and a net margin of 6.62%.During the same period in the previous year, the firm earned $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 predict that Algonquin Power & Utilities will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of large investors have recently bought and sold shares of AQN. EdgePoint Investment Group Inc. boosted its holdings in 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 acquiring an additional 20,074,709 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Algonquin Power & Utilities during the fourth quarter valued at $74,263,000. Norges Bank purchased a new position in shares of Algonquin Power & Utilities in the 4th quarter worth about $67,065,000. Goldman Sachs Group Inc. raised its position 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 last quarter. Finally, Citadel Advisors LLC boosted its stake in 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 in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

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.