Intact Investment Management Inc. Sells 585,500 Shares of Algonquin Power & Utilities Corp. $AQN

Key Points

• Intact Investment Management cut its stake in Algonquin Power & Utilities by 12.6%, selling 585,500 shares and ending the quarter with about 4,066,619 shares (~0.53% of the company) valued at $25.0 million.
• Algonquin slightly beat quarterly EPS estimates ($0.06 vs. $0.05) and reported revenue up 7.8% year-over-year, and it set FY2027 guidance of 0.380–0.420 EPS (FY2026 guidance 0.350–0.370) with analysts penciling in roughly 0.36 EPS for the current year.
• The company pays a quarterly dividend of $0.065 (annualized $0.26) for a yield of about 4.1% but a high payout ratio of 113%, while the stock trades with a $4.84 billion market cap and a consensus analyst target of $6.68 (consensus rating: Hold).

Intact Investment Management Inc. lowered its position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 12.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,066,619 shares of the utilities provider's stock after selling 585,500 shares during the period. Intact Investment Management Inc. owned about 0.53% of Algonquin Power & Utilities worth $25,005,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP bought a new position in Algonquin Power & Utilities in the 3rd quarter worth $29,000. Fiera Capital Corp bought a new position in Algonquin Power & Utilities in the 3rd quarter worth $55,000. Vise Technologies Inc. bought a new position in Algonquin Power & Utilities in the 3rd quarter worth $56,000. R Squared Ltd bought a new position in Algonquin Power & Utilities in the 4th quarter worth $68,000. Finally, Davis Rea LTD. bought a new position in Algonquin Power & Utilities in the 3rd quarter worth $67,000. Institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Stock Down 0.2%

Shares of AQN opened at $6.30 on Monday. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 27.37 and a beta of 0.74. Algonquin Power & Utilities Corp. has a 1 year low of $5.26 and a 1 year high of $7.11. The business's 50 day simple moving average is $6.40 and its 200-day simple moving average is $6.25. 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 (NYSE:AQN - Get Free Report) last posted its earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $625.77 million. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. Algonquin Power & Utilities's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.06 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. As a group, equities analysts expect that Algonquin Power & Utilities Corp. will post 0.36 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD Cowen dropped their target price on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a "hold" rating for the company in a report on Monday, March 9th. National Bank Financial dropped their target price on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an "outperform" rating for the company in a report on Monday, March 9th. Weiss Ratings raised shares of Algonquin Power & Utilities from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, April 21st. Raymond James Financial raised shares of Algonquin Power & Utilities from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $6.50 to $7.25 in a report on Monday, March 9th. Finally, Wall Street Zen downgraded shares of Algonquin Power & Utilities from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $6.68.

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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