Algonquin Power & Utilities
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 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 86
0.52% less ownership
Funds ownership: 53.39% [Q2] → 52.87% (-0.52%) [Q3]
8% less capital invested
Capital invested by funds: $2.41B [Q2] → $2.22B (-$191M) [Q3]
9% less funds holding
Funds holding: 256 [Q2] → 234 (-22) [Q3]
34% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 53
67% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]
89% less call options, than puts
Call options by funds: $18.2M | Put options by funds: $160M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Richard Sunderland 67% 1-year accuracy 4 / 6 met price target | 56%upside $7 | Neutral Reinstated | 12 Dec 2024 |
Scotiabank Robert Hope 33% 1-year accuracy 2 / 6 met price target | 17%upside $5.25 | Sector Perform Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 9 articles about AQN published over the past 30 days
