Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 21.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 652,332 shares of the utilities provider's stock after selling 177,176 shares during the period. Barclays PLC owned approximately 0.09% of Algonquin Power & Utilities worth $2,903,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FIL Ltd raised its holdings in Algonquin Power & Utilities by 85.6% in the 4th quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider's stock worth $181,473,000 after purchasing an additional 18,857,515 shares during the period. Norges Bank purchased a new position in shares of Algonquin Power & Utilities in the fourth quarter valued at approximately $31,508,000. Private Management Group Inc. boosted its stake in shares of Algonquin Power & Utilities by 161.2% in the fourth quarter. Private Management Group Inc. now owns 5,924,983 shares of the utilities provider's stock worth $26,366,000 after acquiring an additional 3,656,840 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Algonquin Power & Utilities by 85.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,730,749 shares of the utilities provider's stock worth $16,539,000 after purchasing an additional 1,719,928 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Algonquin Power & Utilities by 592.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,312,392 shares of the utilities provider's stock valued at $5,840,000 after purchasing an additional 1,122,992 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AQN has been the topic of a number of recent research reports. National Bankshares lowered their price target 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. CIBC lowered their price objective on Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada cut their target price on 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. Finally, Scotiabank boosted their price target on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of "Hold" and an average target price of $5.92.

Algonquin Power & Utilities Trading Down 0.1 %

Shares of AQN traded down $0.00 during trading on Monday, reaching $5.39. 1,872,370 shares of the company traded hands, compared to its average volume of 7,539,482. The stock has a 50-day simple moving average of $5.06 and a 200-day simple moving average of $4.80. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. Algonquin Power & Utilities Corp. has a twelve month low of $4.19 and a twelve month high of $6.79. The stock has a market cap of $4.14 billion, a PE ratio of -4.18 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its 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 negative net margin of 39.12% and a positive return on equity of 5.22%. The firm had revenue of $584.80 million during the quarter, compared to analysts' expectations of $644.73 million. On average, analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.83%. The ex-dividend date was Monday, March 31st. Algonquin Power & Utilities's payout ratio is currently -14.44%.

Algonquin Power & Utilities Company 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.