First my thoughts on the light...it is probably adequate in intensity and duration. These two aspects are not interchangeable, by which I mean that increasing duration does not benefit the plants if the intensity is not sufficient, and increasing the photoperiod (duration) is very likely to cause "problem" algae. I don't see algae issues now, so don't risk it. How long is the tank light on now? Just so we can get things in perspective.
The issue is likely the fertilizer. You need substrate tabs for Echinodorus plants, they are heavy root feeders, and while adding liquid fertilizer can benefit, you run a real risk of excess nutrients in the water which means...problem algae. This is not the case with quality substrate tabs. I use Seachem's Flourish Tabs and have for over a decade. One next to the plant's crown, replaced every 3 months. Here you could do two, place them in between the three plants. These really will make a difference.
As for liquid fertilizer, I've never used Aquarium Co-op but don't overdo it or you could again see algae issues. Especially since it contains nitrates and phosphorus which are known to cause algae in excess and are not needed here.