Algonquin Power & Utilities Corp. $AQN Shares Acquired by Callodine Capital Management LP

Callodine Capital Management LP increased its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 15.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,581,841 shares of the utilities provider’s stock after purchasing an additional 740,872 shares during the period. Algonquin Power & Utilities accounts for 2.6% of Callodine Capital Management LP’s portfolio, making the stock its 14th largest position. Callodine Capital Management LP owned approximately 0.73% of Algonquin Power & Utilities worth $29,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AQN. Public Sector Pension Investment Board grew its position 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 buying an additional 1,800 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Algonquin Power & Utilities by 29.1% during 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 raised its position 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 buying an additional 4,840 shares in the last quarter. Samalin Investment Counsel LLC lifted its stake in shares of Algonquin Power & Utilities by 5.3% in 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 holdings in shares of Algonquin Power & Utilities by 0.5% in the second 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. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AQN shares. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $6.50 to $7.25 in a research note on Monday, March 9th. National Bank Financial decreased their price target on Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a research note on Monday, March 9th. TD Cowen lowered their price target on Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating on the stock in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce dropped their price objective on Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Scotiabank upgraded Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective for the company in a report on Tuesday, December 16th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Algonquin Power & Utilities currently has an average rating of “Hold” and a consensus price target of $6.63.

Algonquin Power & Utilities Trading Up 0.7%

Algonquin Power & Utilities stock opened at $6.33 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 27.54 and a beta of 0.75. Algonquin Power & Utilities Corp. has a 1 year low of $4.45 and a 1 year high of $7.11. The firm’s 50 day moving average price is $6.54 and its two-hundred day moving average price is $6.09. 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 (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a return on equity of 5.47% and a net margin of 7.32%.The firm had revenue of $630.70 million for the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the previous year, the company earned $0.06 EPS. The business’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. On average, research analysts predict that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

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 paid a dividend of $0.065 per share. 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 113.04%.

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.