RWC Asset Management LLP Has $16.35 Million Stock Position in Algonquin Power & Utilities Corp. $AQN

RWC Asset Management LLP increased its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 33.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,045,320 shares of the utilities provider’s stock after acquiring an additional 771,829 shares during the period. RWC Asset Management LLP owned 0.40% of Algonquin Power & Utilities worth $16,353,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of Algonquin Power & Utilities by 2.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock worth $424,000 after acquiring an additional 1,800 shares in the last quarter. Ballentine Partners LLC grew its holdings in Algonquin Power & Utilities by 10.6% during the second quarter. Ballentine Partners LLC now owns 23,484 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 2,242 shares during the period. SG Americas Securities LLC increased its position in Algonquin Power & Utilities by 29.1% during the third 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 during the last quarter. TD Waterhouse Canada Inc. lifted its position 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 buying an additional 6,804 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Algonquin Power & Utilities by 11.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 76,803 shares of the utilities provider’s stock worth $440,000 after acquiring an additional 8,103 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at $6.37 on Tuesday. The company’s fifty day moving average is $6.07 and its 200 day moving average is $5.87. Algonquin Power & Utilities Corp. has a twelve month low of $4.19 and a twelve month high of $6.62. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of -159.09 and a beta of 0.75. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 1.26.

Algonquin Power & Utilities (NYSE:AQN) last announced its earnings results on Friday, November 7th. The utilities provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Algonquin Power & Utilities had a negative net margin of 1.11% and a positive return on equity of 5.14%. The business had revenue of $600.80 million during the quarter, compared to the consensus estimate of $596.67 million. During the same quarter last year, the firm earned $0.08 earnings per share. Sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.1%. Algonquin Power & Utilities’s dividend payout ratio is currently -650.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on AQN shares. Raymond James Financial raised their target price on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Algonquin Power & Utilities in a research report on Monday, December 29th. Natl Bk Canada raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Scotiabank upgraded Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 target price on the stock in a research note on Tuesday, December 16th. Finally, Desjardins boosted their price target on Algonquin Power & Utilities from $6.25 to $6.75 and gave the company a “buy” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.70.

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.