PDT Partners LLC Takes $4.25 Million Position in Algonquin Power & Utilities Corp. $AQN

PDT Partners LLC acquired a new stake in Algonquin Power & Utilities Corp. (NYSE:AQN) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 725,937 shares of the utilities provider’s stock, valued at approximately $4,254,000.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in Algonquin Power & Utilities during the 3rd quarter valued at about $29,000. Group One Trading LLC lifted its position in shares of 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 worth $46,000 after purchasing an additional 2,900 shares during the period. NewEdge Advisors LLC bought a new position in shares of Algonquin Power & Utilities during the fourth quarter valued at approximately $47,000. Vise Technologies Inc. bought a new position in shares of Algonquin Power & Utilities during the third quarter valued at approximately $56,000. Finally, August Group Capital Ltd purchased a new position in Algonquin Power & Utilities during the second quarter valued at approximately $62,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Stock Up 0.8%

Shares of Algonquin Power & Utilities stock opened at $5.74 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a market cap of $4.41 billion, a P/E ratio of 30.19 and a beta of 0.70. The firm’s 50 day moving average price is $5.81 and its 200-day moving average price is $6.12. Algonquin Power & Utilities Corp. has a 52-week low of $5.32 and a 52-week high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $582.99 million for the quarter, compared to analysts’ expectations of $582.99 million. Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. During the same period in the previous 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. On average, sell-side analysts predict that Algonquin Power & Utilities Corp. will post 0.35 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio is currently 136.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. National Bank Financial reduced their price objective on shares of 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. Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.