2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its stake in shares of Algonquin Power & Utilities Corp. ( NYSE:AQN – Free Report ) by 2.
2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,023,830 shares of the utilities provider’s stock after purchasing an additional 64,579 shares during the quarter. Invesco Ltd.
owned about 0.39% of Algonquin Power & Utilities worth $13,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other large investors have also added to or reduced their stakes in AQN.
Bank of Montreal Can grew its position in shares of Algonquin Power & Utilities by 0.6% in the 4th quarter. Bank of Montreal Can now owns 21,000,723 shares of the utilities provider’s stock worth $93,090,000 after buying an additional 117,757 shares during the last quarter.
Quadrant Capital Group LLC increased its position in shares of Algonquin Power & Utilities by 40.5% during the fourth quarter. Quadrant Capital Group LLC now owns 17,555 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 5,060 shares in the last quarter.
Russell Investments Group Ltd. lifted its holdings in shares of Algonquin Power & Utilities by 72.9% during the 4th quarter.
Russell Investments Group Ltd. now owns 82,755 shares of the utilities provider’s stock valued at $368,000 after purchasing an additional 34,883 shares during the last quarter. Geode Capital Management LLC grew its stake in Algonquin Power & Utilities by 5.
2% during the 4th quarter. Geode Capital Management LLC now owns 1,240,480 shares of the utilities provider’s stock worth $5,520,000 after buying an additional 61,015 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Algonquin Power & Utilities by 85.
5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,730,749 shares of the utilities provider’s stock valued at $16,539,000 after buying an additional 1,719,928 shares in the last quarter. 62.
28% of the stock is currently owned by institutional investors. Algonquin Power & Utilities Price Performance Shares of AQN opened at $5.32 on Tuesday.
Algonquin Power & Utilities Corp. has a fifty-two week low of $4.19 and a fifty-two week high of $6.
79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.
73 and a current ratio of 0.92. The company has a market capitalization of $4.
08 billion, a P/E ratio of -4.12 and a beta of 0.65.
The business’s 50-day moving average is $4.98 and its two-hundred day moving average is $4.78.
Algonquin Power & Utilities Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.065 per share.
This represents a $0.26 annualized dividend and a dividend yield of 4.89%.
The ex-dividend date was Monday, March 31st. Algonquin Power & Utilities’s payout ratio is currently -14.44%.
Wall Street Analyst Weigh In AQN has been the topic of a number of research analyst reports. Scotiabank boosted their price target on Algonquin Power & Utilities from $5.25 to $5.
50 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target on shares of Algonquin Power & Utilities from $6.00 to $5.
50 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Finally, National Bankshares cut their target price on Algonquin Power & Utilities from $6.75 to $6.
25 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.
94. View Our Latest Research Report on Algonquin Power & Utilities About Algonquin Power & Utilities ( Free Report ) Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities.
It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. Featured Articles Want to see what other hedge funds are holding AQN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Algonquin Power & Utilities Corp. ( NYSE:AQN – Free Report ). Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.
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