Cibc World Market Inc. Cuts Holdings in Algonquin Power & Utilities Corp. $AQN
CIBC World Market Inc. has decreased its stake in Algonquin Power & Utilities (NYSE:AQN) by 13.9% in Q3, selling over a million shares and now holding 6.47 million shares valued at approximately $34.8 million. The utilities provider's stock trades near its 1-year high at $6.63, with a market cap of $5.09 billion, but shows a negative trailing P/E of -165.58. Analysts maintain a "Moderate Buy" consensus with an average target price of $6.67, and several firms have recently raised their price objectives for the stock.
https://www.marketbeat.com/instant-alerts/filing-cibc-world-market-inc-cuts-holdings-in-algonquin-power-utilities-corp-aqn-2026-02-12/