Algonquin Power & Utilities Corp. $AQN Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC trimmed its position in Algonquin Power & Utilities Corp. (NYSE:AQN) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,597,165 shares of the utilities provider’s stock after selling 129,400 shares during the period. Krilogy Financial LLC’s holdings in Algonquin Power & Utilities were worth $10,286,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AQN. Quarry LP acquired a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $29,000. Fiera Capital Corp acquired a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $55,000. Vise Technologies Inc. acquired a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $56,000. Davis Rea LTD. acquired a new position in shares of Algonquin Power & Utilities in the 3rd quarter valued at about $67,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Algonquin Power & Utilities in the 2nd quarter valued at about $85,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Stock Performance

Shares of AQN opened at $6.40 on Monday. Algonquin Power & Utilities Corp. has a 1 year low of $5.16 and a 1 year high of $7.11. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 27.81 and a beta of 0.78. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 1.00. The firm has a fifty day moving average of $6.47 and a 200-day moving average of $6.22.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The company had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. 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, equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, March 31st. Algonquin Power & Utilities’s payout ratio is 113.04%.

Analyst Ratings Changes

Several research analysts have recently commented on AQN shares. Desjardins decreased their price target on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a report on Monday, March 9th. Raymond James Financial raised shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.50 to $7.25 in a report on Monday, March 9th. Weiss Ratings raised shares of Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. TD Cowen decreased their price target on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Finally, National Bank Financial reduced their price target on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a report on Monday, March 9th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Algonquin Power & Utilities currently has an average rating of “Hold” and a consensus price target of $6.66.

Algonquin Power & Utilities 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.