Public Employees Retirement System of Ohio Takes Position in Algonquin Power & Utilities Corp. $AQN

Key Points

• Public Employees Retirement System of Ohio acquired 1.43 million Algonquin Power & Utilities shares worth approximately $8.36 million, while institutional investors collectively own 62.28% of the company.
• Algonquin reported quarterly EPS of $0.04, slightly below the $0.05 analyst consensus, on revenue of $582.99 million. Management’s EPS guidance is $0.35–$0.37 for fiscal 2026 and $0.38–$0.42 for fiscal 2027.
• The company declared a quarterly dividend of $0.065, equivalent to $0.26 annually and a 4.6% yield, though its payout ratio is elevated at 136.84%; analysts give the stock a “Moderate Buy” consensus with a $6.72 target price.

Public Employees Retirement System of Ohio acquired a new position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,426,096 shares of the utilities provider's stock, valued at approximately $8,362,000. Public Employees Retirement System of Ohio owned approximately 0.19% of Algonquin Power & Utilities as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its position in Algonquin Power & Utilities by 65.0% in the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider's stock worth $62,738,000 after acquiring an additional 4,808,539 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Algonquin Power & Utilities during the 2nd quarter valued at about $85,000. American Century Companies Inc. grew its stake in shares of Algonquin Power & Utilities by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 240,683 shares of the utilities provider's stock worth $1,377,000 after purchasing an additional 18,752 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Algonquin Power & Utilities by 15.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 120,708 shares of the utilities provider's stock worth $691,000 after purchasing an additional 16,552 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Algonquin Power & Utilities by 465.0% in the 2nd quarter. Marshall Wace LLP now owns 106,046 shares of the utilities provider's stock worth $608,000 after purchasing an additional 87,276 shares in the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Stock Performance

Algonquin Power & Utilities stock opened at $5.66 on Tuesday. Algonquin Power & Utilities Corp. has a fifty-two week low of $5.32 and a fifty-two week high of $7.11. The firm's 50 day simple moving average is $5.80 and its 200-day simple moving average is $6.09. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. The company has a market cap of $4.36 billion, a P/E ratio of 29.79 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.The firm had revenue of $582.99 million during the quarter, compared to analyst estimates of $582.99 million. During the same period in the prior year, the business posted $0.04 EPS. 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 research analysts predict that Algonquin Power & Utilities Corp. will post 0.35 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a $0.065 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.6%. Algonquin Power & Utilities's dividend payout ratio is currently 136.84%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AQN shares. Weiss Ratings lowered shares of Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. TD set a $6.00 price target on Algonquin Power & Utilities and gave the company a "hold" rating in a report on Monday. National Bank Financial cut their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a research report on Friday, July 3rd. Finally, Wells Fargo & Company started coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They set an "equal weight" rating and a $7.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.72.

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.

Want to see what other hedge funds are holding AQN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source