Algonquin Power & UtilitiesAQN
Market Cap: $4B
About: Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.
Employees: 3,946
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
370% more call options, than puts
Call options by funds: $21.5M | Put options by funds: $4.57M
83% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 30
11% more funds holding
Funds holding: 230 [Q1] → 255 (+25) [Q2]
6% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 79
1% more capital invested
Capital invested by funds: $2.36B [Q1] → $2.39B (+$26.8M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
0.84% less ownership
Funds ownership: 53.72% [Q1] → 52.89% (-0.84%) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Janney Montgomery Scott Michael Gaugler 100% 1-year accuracy 1 / 1 met price target | 15%upside $6 | Neutral Initiated | 5 Sept 2024 |
RBC Capital Nelson Ng 100% 1-year accuracy 2 / 2 met price target | 15%upside $6 | Sector Perform Maintained | 13 Aug 2024 |
Scotiabank Robert Hope 20% 1-year accuracy 1 / 5 met price target | 10%upside $5.75 | Sector Perform Maintained | 13 Aug 2024 |
CIBC Mark Jarvi 0 / 0 met price target | 15%upside $6 | Neutral Maintained | 12 Aug 2024 |
Wells Fargo Neil Kalton 87% 1-year accuracy 27 / 31 met price target | 15%upside $6 | Equal-Weight Downgraded | 12 Aug 2024 |
Financial journalist opinion
Based on 8 articles about AQN published over the past 30 days