Greenland Capital Management LP Invests $4.99 Million in Algonquin Power & Utilities Corp. $AQN

Greenland Capital Management LP bought a new stake in Algonquin Power & Utilities Corp. (NYSE:AQN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 927,280 shares of the utilities provider’s stock, valued at approximately $4,985,000.

Other large investors 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% in the 2nd quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider’s stock worth $424,000 after buying an additional 1,800 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Algonquin Power & Utilities by 29.1% in the 3rd quarter. SG Americas Securities LLC now owns 15,840 shares of the utilities provider’s stock valued at $85,000 after acquiring an additional 3,572 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Algonquin Power & Utilities by 6.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 81,643 shares of the utilities provider’s stock worth $438,000 after acquiring an additional 4,840 shares during the last quarter. Samalin Investment Counsel LLC increased its stake in Algonquin Power & Utilities by 5.3% during the third quarter. Samalin Investment Counsel LLC now owns 111,613 shares of the utilities provider’s stock worth $599,000 after acquiring an additional 5,596 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Algonquin Power & Utilities by 0.5% during 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 purchasing an additional 6,804 shares during the period. Institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank upgraded Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 target price for the company in a report on Tuesday, December 16th. Wall Street Zen raised shares of Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Janney Montgomery Scott set a $7.00 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 10th. National Bank Financial set a $7.50 price target on shares of Algonquin Power & Utilities in a research note on Wednesday, January 7th. Finally, Weiss Ratings raised shares of Algonquin Power & Utilities from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.67.

Algonquin Power & Utilities Stock Up 0.7%

Shares of AQN opened at $6.75 on Tuesday. The firm has a fifty day moving average price of $6.42 and a 200-day moving average price of $6.01. The company has a current ratio of 1.23, a quick ratio of 0.98 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $5.18 billion, a P/E ratio of -168.58 and a beta of 0.76. Algonquin Power & Utilities Corp. has a 12-month low of $4.29 and a 12-month high of $6.86.

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.