725,937 Shares in Algonquin Power & Utilities Corp. $AQN Acquired by PDT Partners LLC

Posted by Geri Gentry on Aug 26th, 2026

PDT Partners LLC bought a new position in Algonquin Power & Utilities Corp. (NYSE:AQN – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 725,937 shares of the utilities provider’s stock, valued at approximately $4,254,000. PDT Partners LLC owned 0.09% of Algonquin Power & Utilities at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AQN. Canada Pension Plan Investment Board bought a new position in shares of Algonquin Power & Utilities during the 2nd quarter valued at $20,267,000. Legal & General Group Plc bought a new stake in shares of Algonquin Power & Utilities in the second quarter worth $37,553,000. The Manufacturers Life Insurance Company purchased a new stake in Algonquin Power & Utilities during the second quarter valued at $26,260,000. Infrastructure Capital Advisors LLC bought a new position in Algonquin Power & Utilities in the second quarter valued at about $191,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Algonquin Power & Utilities in the 2nd quarter worth approximately $4,979,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AQN. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company began coverage on shares of Algonquin Power & Utilities in a research report on Tuesday, May 12th. They issued an “equal weight” rating and a $7.00 price target on the stock. Finally, National Bank Financial lowered their price objective 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. Six equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.81.

Read Our Latest Report on AQN

Algonquin Power & Utilities Stock Up 0.8%

NYSE:AQN opened at $5.74 on Wednesday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 30.19 and a beta of 0.70. Algonquin Power & Utilities Corp. has a twelve month low of $5.32 and a twelve month high of $7.11. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $5.81 and a 200-day simple moving average of $6.12.

Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last posted 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). The company had revenue of $582.99 million during 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 period in the prior year, the business 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. Analysts anticipate that Algonquin Power & Utilities Corp. will post 0.35 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid 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 of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s payout ratio is currently 136.84%.

Algonquin Power & Utilities Company Profile

(Free Report)

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.