Heartland Advisors Inc. Makes New $8.01 Million Investment in Algonquin Power & Utilities Corp. $AQN

Heartland Advisors Inc. purchased a new stake in Algonquin Power & Utilities Corp. (NYSE:AQN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,367,030 shares of the utilities provider’s stock, valued at approximately $8,011,000.

Other institutional investors have also recently bought and sold shares of the company. EdgePoint Investment Group Inc. grew its holdings in shares of Algonquin Power & Utilities by 32.6% during the fourth quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after buying an additional 20,074,709 shares in the last quarter. Vanguard Group Inc. grew its position in Algonquin Power & Utilities by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 34,456,155 shares of the utilities provider’s stock worth $211,871,000 after buying an additional 711,569 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Algonquin Power & Utilities by 23.1% during the 4th quarter. Bank of Montreal Can now owns 20,717,144 shares of the utilities provider’s stock worth $127,395,000 after acquiring an additional 3,886,254 shares in the last quarter. Principal Financial Group Inc. boosted its position in Algonquin Power & Utilities by 13.0% in the first quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider’s stock valued at $83,497,000 after buying an additional 1,563,924 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Algonquin Power & Utilities by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock valued at $62,738,000 after buying an additional 4,808,539 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Price Performance

AQN opened at $5.71 on Friday. Algonquin Power & Utilities Corp. has a 1 year low of $5.32 and a 1 year high of $7.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 30.05 and a beta of 0.70. The firm’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $6.13.

Algonquin Power & Utilities (NYSE:AQN) last announced its earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. The firm had revenue of $582.99 million during the quarter, compared to analysts’ expectations of $582.99 million. During the same quarter in the prior year, the company earned $0.04 EPS. 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. As a group, analysts anticipate that Algonquin Power & Utilities Corp. will post 0.35 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 Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities’s payout ratio is presently 136.84%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company started coverage on Algonquin Power & Utilities in a report on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 price target on the stock. 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 research note on Friday, July 3rd. Finally, Weiss Ratings lowered Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Algonquin Power & Utilities presently has an average rating of “Moderate Buy” and an average price target 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.