Algonquin Power & Utilities Corp. $AQN Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 77.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 398,318 shares of the utilities provider’s stock after purchasing an additional 174,118 shares during the period. Quantbot Technologies LP’s holdings in Algonquin Power & Utilities were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Desjardins upped their target price on Algonquin Power & Utilities from $7.00 to $7.25 and gave the company a “buy” rating in a report on Thursday, February 5th. Weiss Ratings raised shares of Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. National Bank Financial set a $7.50 target price on shares of Algonquin Power & Utilities in a report on Wednesday, January 7th. Janney Montgomery Scott set a $7.00 price target on shares of Algonquin Power & Utilities in a report on Monday, November 10th. Finally, Zacks Research upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.67.

Algonquin Power & Utilities Trading Down 0.1%

Shares of NYSE AQN opened at $6.95 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. Algonquin Power & Utilities Corp. has a one year low of $4.29 and a one year high of $7.11. The business has a 50-day moving average price of $6.51 and a two-hundred day moving average price of $6.06. The firm has a market capitalization of $5.34 billion, a PE ratio of -173.71 and a beta of 0.75.

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.