Tacita Capital Inc Invests $1.24 Million in Algonquin Power & Utilities Corp. $AQN

Tacita Capital Inc bought a new stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 210,803 shares of the utilities provider’s stock, valued at approximately $1,237,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Algonquin Power & Utilities in the 3rd quarter worth about $29,000. Group One Trading LLC boosted its position in Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after buying an additional 2,900 shares during the period. NewEdge Advisors LLC purchased a new stake in Algonquin Power & Utilities in the 4th quarter valued at about $47,000. Tudor Investment Corp ET AL bought a new position in Algonquin Power & Utilities in the 4th quarter worth about $62,000. Finally, Vise Technologies Inc. bought a new position in Algonquin Power & Utilities in the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Price Performance

AQN opened at $5.83 on Thursday. The firm has a market capitalization of $4.49 billion, a PE ratio of 30.71 and a beta of 0.70. 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 business’s 50-day moving average is $5.83 and its two-hundred day moving average is $6.14. Algonquin Power & Utilities Corp. has a 1 year low of $5.32 and a 1 year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $582.99 million. During the same period in the previous year, the company posted $0.04 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 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.26 dividend on an annualized basis and a yield of 4.5%. Algonquin Power & Utilities’s dividend payout ratio is presently 136.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AQN shares. Wells Fargo & Company started coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 target price on the stock. National Bank Financial lowered their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating for the company in a report on Friday, July 3rd. Finally, Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Algonquin Power & Utilities has an average rating of “Moderate Buy” and an average price target 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.