2 weeks Ago By Defense World Staff
HighTower Advisors LLC lessened its position in Algonquin Power & Utilities Corp. (NYSE:AQN – Free Report) by 48.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 135,917 shares of the utilities provider’s stock after selling 128,031 shares during the period. HighTower Advisors LLC’s holdings in Algonquin Power & Utilities were worth $605,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company.
CIBC Asset Management Inc increased its stake in shares of Algonquin Power & Utilities by 0.4% during the 4th quarter. CIBC Asset Management Inc now owns 935,130 shares of the utilities provider’s stock valued at $4,141,000 after acquiring an additional 3,656 shares during the last quarter.
Northwest & Ethical Investments L.P. grew its holdings in Algonquin Power & Utilities by 12.
3% in the third quarter. Northwest & Ethical Investments L.P.
now owns 47,155 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 5,158 shares during the period. Redwood Investment Management LLC increased its position in Algonquin Power & Utilities by 1.2% during the third quarter.
Redwood Investment Management LLC now owns 505,299 shares of the utilities provider’s stock worth $2,794,000 after purchasing an additional 6,176 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Algonquin Power & Utilities by 11.4% during the third quarter.
Public Sector Pension Investment Board now owns 72,471 shares of the utilities provider’s stock worth $396,000 after purchasing an additional 7,400 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Algonquin Power & Utilities by 4.1% in the 4th quarter.
Van ECK Associates Corp now owns 221,307 shares of the utilities provider’s stock valued at $982,000 after purchasing an additional 8,620 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.
Algonquin Power & Utilities Trading Up 0.5 %Algonquin Power & Utilities stock opened at $5.20 on Friday.
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 firm’s 50-day moving average is $4.78 and its 200-day moving average is $4.
83. Algonquin Power & Utilities Corp. has a 1 year low of $4.
19 and a 1 year high of $6.79. The company has a market cap of $3.
99 billion, a P/E ratio of -4.03 and a beta of 0.71.
Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.
10 by ($0.04). The firm had revenue of $584.
80 million during the quarter, compared to analyst estimates of $644.73 million. Algonquin Power & Utilities had a negative net margin of 39.
12% and a positive return on equity of 5.22%. On average, equities analysts expect that Algonquin Power & Utilities Corp.
will post 0.38 earnings per share for the current year. Algonquin Power & Utilities Announces DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 31st.
This represents a $0.26 annualized dividend and a dividend yield of 5.00%.
Algonquin Power & Utilities’s dividend payout ratio (DPR) is -14.44%. Analyst Ratings ChangesA number of analysts have recently commented on AQN shares.
JPMorgan Chase & Co. restated a “neutral” rating and set a $7.00 price objective on shares of Algonquin Power & Utilities in a report on Thursday, December 12th.
Royal Bank of Canada decreased their price objective on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th.
National Bankshares lowered their target price on Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.
Finally, Scotiabank lifted their target price on Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th.
One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.94.
Get Our Latest Analysis on AQNAlgonquin Power & Utilities Profile (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.Read MoreFive stocks we like better than Algonquin Power & UtilitiesTrading Halts ExplainedMarketBeat Week in Review – 03/24 – 03/28What is the Dow Jones Industrial Average (DJIA)?Should You Buy UPS Stock Now? Deep Dive Into Its 5-Year Low3 Ways To Invest In Coffee, Other Than Drinking It4 Healthcare Stocks With Massive Gains—and More to Come.
