Bank of Montreal Can Increases Stock Position in Algonquin Power & Utilities Corp. $AQN

Bank of Montreal Can grew its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,830,890 shares of the utilities provider’s stock after purchasing an additional 1,863,459 shares during the period. Bank of Montreal Can owned approximately 2.19% of Algonquin Power & Utilities worth $90,441,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Public Sector Pension Investment Board increased its stake in Algonquin Power & Utilities by 2.5% in 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 in the last quarter. SG Americas Securities LLC boosted its position in shares of 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 buying an additional 3,572 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Algonquin Power & Utilities by 6.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 81,643 shares of the utilities provider’s stock valued at $438,000 after acquiring an additional 4,840 shares during the last quarter. Samalin Investment Counsel LLC increased its holdings in Algonquin Power & Utilities by 5.3% during the 3rd quarter. Samalin Investment Counsel LLC now owns 111,613 shares of the utilities provider’s stock valued at $599,000 after acquiring an additional 5,596 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in Algonquin Power & Utilities by 0.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,269,433 shares of the utilities provider’s stock valued at $7,296,000 after acquiring an additional 6,804 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Stock Performance

Shares of NYSE:AQN opened at $6.29 on Thursday. The business’s 50-day simple moving average is $6.54 and its 200 day simple moving average is $6.09. The company has a market cap of $4.83 billion, a P/E ratio of 27.33 and a beta of 0.75. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.98 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.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same quarter last year, the company earned $0.06 earnings per share. Algonquin Power & Utilities’s revenue for the quarter was up 7.8% on a year-over-year basis. 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, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AQN shares. Canadian Imperial Bank of Commerce lowered their price target on shares of Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating for the company in a report on Tuesday. Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $6.50 to $7.25 in a report on Monday. Scotiabank raised Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective on the stock in a research note on Tuesday, December 16th. Finally, National Bank Financial decreased their target price on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.63.

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.