SCHEDULE: FIL Limited Discloses 5% Stake in Algonquin Power

FIL Limited, through its subsidiaries Pandanus Partners, L.P. and Pandanus Associates, Inc., has reported beneficial ownership of 5.0% of Algonquin Power & Utilities Corp. common stock as of March 31, 2026.

Summary

• FIL Limited, along with its subsidiaries Pandanus Partners, L.P. and Pandanus Associates, Inc., has filed a Schedule 13G, indicating a beneficial ownership of 38,114,903 shares of Algonquin Power & Utilities Corp. common stock.
• This holding represents 5.0% of the class of securities outstanding as of March 31, 2026.
• FIL Limited, organized in Bermuda, holds sole voting and dispositive power over these shares.
• Pandanus Partners, L.P., organized in Delaware, also reports beneficial ownership of the same number of shares, with Pandanus Associates, Inc. acting as its general partner.
• The filing clarifies that while Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, no individual member is disclaimed as a beneficial owner of the reported securities.
• The entities filing are collectively referred to as the 'FIL Reporters'.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a standard disclosure of beneficial ownership by an investment firm and does not inherently signal positive or negative news about Algonquin Power & Utilities Corp.'s performance.

Positives

• FIL Limited and its affiliates have established a significant ownership stake (5.0%) in Algonquin Power & Utilities Corp., indicating confidence in the company's value or future prospects.
• The filing is a routine disclosure for significant shareholders, demonstrating compliance with regulatory requirements.

Negatives

• The filing does not contain any negative financial results or operational challenges for Algonquin Power & Utilities Corp. itself, as it is a disclosure of ownership by a third party.

Risks

• Potential for increased shareholder activism or influence by FIL Limited given its 5.0% stake.
• Market perception of Algonquin Power & Utilities Corp. could be influenced by the significant holding of a large investment entity like FIL Limited.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Algonquin Power & Utilities Corp. itself. The future outlook for the company would be found in its own periodic filings.

Management Comments

• FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. have entered into a joint filing agreement to report their beneficial ownership.
• The filing disclaims beneficial ownership by individual members of the Johnson family, despite their indirect ownership through trusts.

Industry Context

StockSavvy.ai notes that significant stake disclosures by institutional investors like FIL Limited are common in the utilities and power sector, often signaling a belief in stable, long-term cash flows or potential strategic value.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock, with Pandanus Associates, Inc. acting as general partner.
• Pandanus is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson.

Stakeholder Impact

• Shareholders of Algonquin Power & Utilities Corp.: The disclosure of a significant stake by FIL Limited may influence market perception and potentially lead to increased scrutiny or engagement from this large investor.
• Employees of Algonquin Power & Utilities Corp.: No direct impact is indicated in this filing.
• Creditors of Algonquin Power & Utilities Corp.: No direct impact is indicated in this filing.

Next Steps

• FIL Limited and its affiliates will continue to monitor their investment in Algonquin Power & Utilities Corp.
• Algonquin Power & Utilities Corp. will continue its operations and regulatory reporting as usual.

Key Dates

Keywords

Algonquin Power & Utilities Corp., FIL Limited, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Securities Filing, Pandanus Partners, Pandanus Associates