Algonquin Power & Utilities (AQN)

• Market cap: $3.59B
• 1 day: -1.06%
• 5 days: -5.26%
• 1 month: -2.50%
• 3 months: -10.17%
• 6 months: -24.52%
• Year to date: -27.44%
• 1 year: -24.03%
• 5 years: -67.09%
• 10 years: -42.93%

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)

1% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 85

0.42% less ownership

Funds ownership: 53.24% [Q2] → 52.83% (-0.42%) [Q3]

8% less capital invested

Capital invested by funds: $2.4B [Q2] → $2.21B (-$186M) [Q3]

9% less funds holding

Funds holding: 255 [Q2] → 233 (-22) [Q3]

39% less first-time investments, than exits

New positions opened: 35 | Existing positions closed: 57

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: $17.8M | Put options by funds: $160M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $5.25 12% upside
• Avg. target: $5.60 20% upside
• High target: $6 28% upside

5 analyst ratings

• positive: 0 0%
• neutral: 5 100%
• negative: 0 0%

Scotiabank Robert Hope 100% 1-year accuracy 1 / 1 met price target	12% upside $5.25	Sector Perform Maintained	8 Nov 2024
CIBC Mark Jarvi 0 / 0 met price target	18% upside $5.50	Neutral Maintained	22 Oct 2024
Wells Fargo Neil Kalton 80% 1-year accuracy 24 / 30 met price target	18% upside $5.50	Equal-Weight Maintained	16 Oct 2024
RBC Capital Nelson Ng 50% 1-year accuracy 1 / 2 met price target	28% upside $6	Sector Perform Reiterated	11 Oct 2024
CIBC Mark Jarvi 0 / 0 met price target	23% upside $5.75	Neutral Maintained	8 Oct 2024