Quantbot Technologies LP Takes $5.70 Million Position in Algonquin Power & Utilities Corp. $AQN

Key Points

• Quantbot Technologies LP acquired 972,628 shares of Algonquin Power & Utilities, worth approximately $5.7 million and representing about 0.13% of the company.
• AQN shares opened at $5.71, down 1.9%, while the utility reported quarterly EPS of $0.04—$0.01 below analyst expectations—on revenue of $582.99 million.
• Algonquin declared a quarterly dividend of $0.065 per share, equivalent to a 4.6% annualized yield; analysts maintain a “Moderate Buy” consensus with an average price target of $6.81.

Quantbot Technologies LP acquired a new position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 972,628 shares of the utilities provider's stock, valued at approximately $5,700,000. Quantbot Technologies LP owned about 0.13% of Algonquin Power & Utilities at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AQN. Quarry LP bought a new position in Algonquin Power & Utilities during the third quarter worth about $29,000. Group One Trading LLC increased its position in Algonquin Power & Utilities by 63.3% during the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider's stock worth $46,000 after buying an additional 2,900 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Algonquin Power & Utilities in the fourth quarter valued at approximately $47,000. Vise Technologies Inc. bought a new stake in Algonquin Power & Utilities in the third quarter valued at approximately $56,000. Finally, August Group Capital Ltd acquired a new stake in shares of Algonquin Power & Utilities in the second quarter valued at approximately $62,000. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Stock Down 1.9%

Shares of AQN opened at $5.71 on Friday. The firm has a market cap of $4.40 billion, a P/E ratio of 30.05 and a beta of 0.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.69 and a current ratio of 0.88. Algonquin Power & Utilities Corp. has a 52 week low of $5.32 and a 52 week high of $7.11. The firm's 50-day simple moving average is $5.83 and its 200 day simple moving average is $6.13.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $582.99 million for the quarter, compared to analyst estimates of $582.99 million. During the same quarter last year, the business earned $0.04 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. On average, analysts forecast that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently 136.84%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They set an "equal weight" rating and a $7.00 target price for the company. Weiss Ratings cut Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. Finally, National Bank Financial cut their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a report on Friday, July 3rd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Algonquin Power & Utilities presently has an average rating of "Moderate Buy" and an average target price of $6.81.

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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