Jump Financial LLC raised its stake in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 344.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,027 shares of the utilities provider's stock after acquiring an additional 185,217 shares during the period. Jump Financial LLC's holdings in Algonquin Power & Utilities were worth $1,064,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of AQN. Krilogy Financial LLC raised its position in shares of Algonquin Power & Utilities by 116.7% in the 4th quarter. Krilogy Financial LLC now owns 1,621,045 shares of the utilities provider's stock valued at $7,214,000 after buying an additional 873,045 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Algonquin Power & Utilities during the fourth quarter valued at approximately $905,000. Vanguard Group Inc. raised its position in Algonquin Power & Utilities by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider's stock valued at $139,845,000 after purchasing an additional 544,198 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in Algonquin Power & Utilities by 25.0% during the fourth quarter. Manning & Napier Advisors LLC now owns 1,250,000 shares of the utilities provider's stock worth $5,562,000 after purchasing an additional 250,000 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Algonquin Power & Utilities by 12.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,179,465 shares of the utilities provider's stock valued at $7,808,000 after purchasing an additional 128,806 shares during the last quarter. Institutional investors own 62.28% of the company's stock.
Algonquin Power & Utilities Stock Performance
NYSE AQN traded down $0.02 during trading hours on Friday, reaching $5.27. 9,275,945 shares of the company were exchanged, compared to its average volume of 7,490,295. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $4.05 billion, a P/E ratio of -4.09 and a beta of 0.65. Algonquin Power & Utilities Corp. has a 1 year low of $4.19 and a 1 year high of $6.79. The business's 50 day simple moving average is $5.02 and its 200-day simple moving average is $4.79.
Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The company had revenue of $584.80 million during the quarter, compared to the consensus estimate of $644.73 million. On average, equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current year.
Algonquin Power & Utilities Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Monday, March 31st. Algonquin Power & Utilities's dividend payout ratio is currently -14.44%.
Wall Street Analysts Forecast Growth
AQN has been the subject of a number of research reports. CIBC dropped their target price on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating for the company in a report on Thursday. National Bankshares cut their target price on shares of 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. Royal Bank of Canada decreased their target price on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating on the stock in a research note on Tuesday, February 18th. Finally, Scotiabank increased their price target on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Algonquin Power & Utilities has an average rating of "Hold" and an average price target of $5.92.
Read Our Latest Analysis 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.
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