Algonquin Power & Utilities Corp. $AQN Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management cut its stake in Algonquin Power & Utilities by 23.5%, selling 765,774 shares and leaving it with 2,487,838 shares valued at $15.32 million (about 1.1% of Cidel's portfolio and its 27th-largest holding).
• Algonquin beat Q expectations with $0.06 EPS versus $0.05 forecast and revenue of $630.7M (up 7.8% year-over-year), and issued FY2026 guidance of 0.350–0.370 EPS and FY2027 guidance of 0.380–0.420 EPS.
• The company declared a quarterly dividend of $0.065 (annualized $0.26) for a 4.2% yield, though the payout ratio is elevated at 113%, signaling potential sustainability concerns.

Cidel Asset Management Inc. decreased its position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,487,838 shares of the utilities provider's stock after selling 765,774 shares during the period. Algonquin Power & Utilities accounts for about 1.1% of Cidel Asset Management Inc.'s investment portfolio, making the stock its 27th largest holding. Cidel Asset Management Inc. owned 0.32% of Algonquin Power & Utilities worth $15,318,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its position in shares of Algonquin Power & Utilities by 2.5% during the 2nd 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 period. SG Americas Securities LLC lifted its holdings in shares of Algonquin Power & Utilities by 29.1% in the third quarter. SG Americas Securities LLC now owns 15,840 shares of the utilities provider's stock valued at $85,000 after buying an additional 3,572 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of 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 buying an additional 4,840 shares during the period. Quarry LP bought a new position in Algonquin Power & Utilities during the third quarter valued at about $29,000. Finally, Samalin Investment Counsel LLC boosted its stake in 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 valued at $599,000 after buying an additional 5,596 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Trading Down 0.1%

NYSE:AQN opened at $6.23 on Monday. The stock has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.16. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 27.07 and a beta of 0.78. Algonquin Power & Utilities Corp. has a 1-year low of $4.45 and a 1-year high of $7.11. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) 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 firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business'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 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.2%. Algonquin Power & Utilities's payout ratio is currently 113.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Desjardins lowered their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $6.50 to $7.25 in a report on Monday, March 9th. Wall Street Zen lowered shares of Algonquin Power & Utilities from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Finally, Scotiabank upgraded shares of Algonquin Power & Utilities from a "sector perform" rating to a "sector outperform" rating and set a $6.50 price target on the stock in a research report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of "Hold" and an average price target of $6.66.

Algonquin Power & Utilities 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.

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