Greenland Capital Management LP Makes New $5.73 Million Investment in Algonquin Power & Utilities Corp. $AQN

Greenland Capital Management LP purchased a new position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 975,010 shares of the utilities provider’s stock, valued at approximately $5,732,000. Algonquin Power & Utilities comprises about 0.7% of Greenland Capital Management LP’s portfolio, making the stock its 29th biggest position.

Other hedge funds have also recently modified their holdings of the company. Wedge Capital Management L L P NC increased its position in Algonquin Power & Utilities by 68.1% in the second quarter. Wedge Capital Management L L P NC now owns 705,453 shares of the utilities provider’s stock worth $4,134,000 after buying an additional 285,672 shares in the last quarter. ARS Investment Partners LLC raised its stake in shares of Algonquin Power & Utilities by 29.6% in the fourth quarter. ARS Investment Partners LLC now owns 863,660 shares of the utilities provider’s stock worth $5,312,000 after buying an additional 197,490 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Algonquin Power & Utilities by 4,665.2% during the 4th quarter. Jupiter Asset Management Ltd. now owns 918,774 shares of the utilities provider’s stock valued at $5,657,000 after buying an additional 899,493 shares in the last quarter. Cidel Asset Management Inc. lifted its position in shares of Algonquin Power & Utilities by 42.1% during the 1st quarter. Cidel Asset Management Inc. now owns 3,535,918 shares of the utilities provider’s stock valued at $21,587,000 after buying an additional 1,048,080 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Algonquin Power & Utilities by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 34,456,155 shares of the utilities provider’s stock valued at $211,871,000 after acquiring an additional 711,569 shares during the period. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock opened at $5.71 on Friday. The stock’s 50-day simple moving average is $5.83 and its 200-day simple moving average is $6.13. Algonquin Power & Utilities Corp. has a 52 week low of $5.32 and a 52 week high of $7.11. 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 company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28.

Algonquin Power & Utilities (NYSE:AQN) last released its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $582.99 million for the quarter, compared to analysts’ expectations of $582.99 million. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.During the same quarter in the prior year, the business posted $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 expect that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 136.84%.

Analysts Set New Price Targets

Several research firms recently issued reports on AQN. Wells Fargo & Company began coverage on shares of Algonquin Power & Utilities in a report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 target price for the company. National Bank Financial dropped their price target on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating for the company in a research report on Friday, July 3rd. Finally, Weiss Ratings lowered shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.81.

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.