368,045 Shares in Algonquin Power & Utilities Corp. (NYSE:AQN) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 368,045 shares of the utilities provider's stock, valued at approximately $1,638,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AQN. SVB Wealth LLC bought a new position in shares of Algonquin Power & Utilities in the fourth quarter valued at approximately $49,000. Avantax Advisory Services Inc. purchased a new position in Algonquin Power & Utilities in the 4th quarter valued at approximately $58,000. Ballentine Partners LLC purchased a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth $63,000. Spire Wealth Management lifted its holdings in Algonquin Power & Utilities by 149.6% during the 4th quarter. Spire Wealth Management now owns 17,000 shares of the utilities provider's stock worth $76,000 after purchasing an additional 10,190 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Algonquin Power & Utilities by 40.5% in the fourth quarter. Quadrant Capital Group LLC now owns 17,555 shares of the utilities provider's stock worth $78,000 after buying an additional 5,060 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AQN shares. 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 on the stock in a report on Tuesday, February 18th. National Bankshares lowered their price target 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. Scotiabank upped their price objective on Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Finally, CIBC dropped their target price on Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.92.

Algonquin Power & Utilities Trading Up 0.0 %

Shares of AQN stock traded up $0.00 during mid-day trading on Monday, reaching $5.39. The stock had a trading volume of 2,839,599 shares, compared to its average volume of 10,798,387. Algonquin Power & Utilities Corp. has a 52-week low of $4.19 and a 52-week high of $6.79. The firm has a market capitalization of $4.14 billion, a PE ratio of -4.18 and a beta of 0.67. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The stock's 50-day moving average price is $5.06 and its two-hundred day moving average price is $4.80.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 earnings per share (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. Equities analysts expect that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.065 per share. The ex-dividend date was Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.82%. Algonquin Power & Utilities's payout ratio is presently -14.44%.

Algonquin Power & Utilities Profile

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.