Algonquin Power & Utilities Corp. $AQN Shares Bought by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. lifted its position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,652,676 shares of the utilities provider’s stock after buying an additional 4,888,235 shares during the quarter. Algonquin Power & Utilities makes up 2.5% of EdgePoint Investment Group Inc.’s investment portfolio, making the stock its 16th largest position. EdgePoint Investment Group Inc. owned about 8.03% of Algonquin Power & Utilities worth $331,292,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AQN. Fiera Capital Corp purchased a new position in shares of Algonquin Power & Utilities during the third quarter valued at approximately $55,000. Vise Technologies Inc. purchased a new stake in Algonquin Power & Utilities in the 3rd quarter worth approximately $56,000. Davis Rea LTD. purchased a new stake in Algonquin Power & Utilities in the 3rd quarter worth approximately $67,000. Envestnet Asset Management Inc. acquired a new position in Algonquin Power & Utilities in the 2nd quarter valued at $85,000. Finally, SG Americas Securities LLC raised 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 acquiring an additional 3,572 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Stock Up 0.7%

Shares of AQN opened at $6.33 on Friday. Algonquin Power & Utilities Corp. has a fifty-two week low of $4.45 and a fifty-two week high of $7.11. The company’s fifty day moving average is $6.54 and its two-hundred day moving average is $6.09. The firm has a market cap of $4.87 billion, a PE ratio of 27.54 and a beta of 0.75. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same period in the prior year, the firm posted $0.06 EPS. The business’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. Analysts forecast that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

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

Analysts Set New Price Targets

AQN has been the topic of several analyst reports. Canadian Imperial Bank of Commerce decreased their price objective on Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating on the stock in a report on Tuesday. Wall Street Zen lowered Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Sunday. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.50 to $7.25 in a research report on Monday, March 9th. Zacks Research lowered Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Scotiabank upgraded Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price target for the company in a report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.63.

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.