Algonquin Power & Utilities Corp. $AQN Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 9.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,770,703 shares of the utilities provider’s stock after selling 720,533 shares during the period. First Trust Advisors LP owned approximately 0.88% of Algonquin Power & Utilities worth $36,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in Algonquin Power & Utilities by 2.5% during the second quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock worth $424,000 after buying an additional 1,800 shares during the last quarter. SG Americas Securities LLC increased its stake 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 acquiring an additional 3,572 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Algonquin Power & Utilities by 6.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 81,643 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 4,840 shares during the period. Samalin Investment Counsel LLC raised its holdings in shares of 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 worth $599,000 after acquiring an additional 5,596 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Stock Up 0.2%

NYSE:AQN opened at $6.30 on Friday. Algonquin Power & Utilities Corp. has a 52 week low of $4.45 and a 52 week high of $7.11. The stock’s fifty day moving average is $6.54 and its two-hundred day moving average is $6.09. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 27.37 and a beta of 0.75. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.27.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data 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 business had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous 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. Research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. TD Cowen decreased their target price on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating on the stock in a report on Monday. National Bank Financial dropped their price target on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a research note on Monday. Scotiabank upgraded shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price target for the company in a report on Tuesday, December 16th. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating on the stock in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.63.

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.