Wedge Capital Management L L P NC Takes $2.91 Million Position in Algonquin Power & Utilities Corp. $AQN

Key Points

• Wedge Capital acquired a new stake of 472,980 shares in Algonquin Power & Utilities valued at about $2.91 million, representing roughly 0.06% ownership.
• Algonquin declared a quarterly dividend of $0.065 (annualized $0.26) implying a 4.2% yield with an ex-dividend date of March 31 and a payout ratio of 113.04%.
• The company reported Q results of EPS $0.06 (beating estimates by $0.01) and revenue of $630.7M (up 7.8%), and set FY2026 guidance of 0.350–0.370 EPS and FY2027 guidance of 0.380–0.420 EPS (analysts expect ~0.38 EPS for the current year).

Wedge Capital Management L L P NC acquired a new stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 472,980 shares of the utilities provider's stock, valued at approximately $2,909,000. Wedge Capital Management L L P NC owned approximately 0.06% of Algonquin Power & Utilities at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Algonquin Power & Utilities during the third quarter valued at approximately $29,000. Fiera Capital Corp purchased a new position in shares of Algonquin Power & Utilities in the third quarter worth $55,000. Vise Technologies Inc. bought a new stake in Algonquin Power & Utilities during the 3rd quarter valued at $56,000. Davis Rea LTD. purchased a new stake in Algonquin Power & Utilities during the 3rd quarter valued at $67,000. Finally, SG Americas Securities LLC grew 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 worth $85,000 after acquiring an additional 3,572 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at $6.16 on Monday. The company has a 50-day simple moving average of $6.54 and a two-hundred day simple moving average of $6.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 1.00. Algonquin Power & Utilities Corp. has a one year low of $4.45 and a one year high of $7.11. The company has a market capitalization of $4.73 billion, a PE ratio of 26.76 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The business had revenue of $630.70 million for the quarter, compared to analyst estimates of $625.77 million. During the same quarter in the prior year, the business posted $0.06 EPS. Algonquin Power & Utilities'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. Research analysts expect that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

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

Wall Street Analyst Weigh In

AQN has been the subject of a number of recent analyst reports. Scotiabank upgraded Algonquin Power & Utilities from a "sector perform" rating to a "sector outperform" rating and set a $6.50 target price for the company in a report on Tuesday, December 16th. Weiss Ratings upgraded Algonquin Power & Utilities from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, March 20th. Wall Street Zen cut Algonquin Power & Utilities from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. National Bank Financial reduced their price objective on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an "outperform" rating on the stock in a research report on Monday, March 9th. Finally, Desjardins reduced their price objective on 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. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Algonquin Power & Utilities has an average rating of "Hold" and an average target price 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.

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