Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,782,827 shares of the utilities provider's stock after purchasing an additional 654,006 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.75% of Algonquin Power & Utilities worth $25,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Trust Advisors LP increased its stake in Algonquin Power & Utilities by 1.0% in the fourth quarter. First Trust Advisors LP now owns 6,898,735 shares of the utilities provider's stock valued at $30,699,000 after acquiring an additional 70,774 shares during the last quarter. Callodine Capital Management LP raised its holdings in Algonquin Power & Utilities by 30.0% in the 4th quarter. Callodine Capital Management LP now owns 2,600,000 shares of the utilities provider's stock worth $11,570,000 after purchasing an additional 600,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Algonquin Power & Utilities by 49.8% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 302,522 shares of the utilities provider's stock worth $1,346,000 after acquiring an additional 100,572 shares during the period. Gamco Investors INC. ET AL lifted its position in Algonquin Power & Utilities by 83.2% during the fourth quarter. Gamco Investors INC. ET AL now owns 2,858,000 shares of the utilities provider's stock valued at $12,718,000 after buying an additional 1,298,030 shares during the period. Finally, Keeley Teton Advisors LLC grew its holdings in Algonquin Power & Utilities by 157.1% in the fourth quarter. Keeley Teton Advisors LLC now owns 935,450 shares of the utilities provider's stock worth $4,163,000 after purchasing an additional 571,549 shares during the period. 62.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on AQN shares. 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 note on Tuesday, February 11th. 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 report on Tuesday, February 18th. CIBC decreased their price objective on Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Scotiabank raised their target price on shares of Algonquin Power & Utilities from $5.50 to $6.00 and gave the stock a "sector perform" rating in a report on Monday. Eight analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.97.

Algonquin Power & Utilities Stock Down 3.8%

Shares of NYSE:AQN traded down $0.23 during trading on Monday, reaching $5.77. The stock had a trading volume of 2,906,714 shares, compared to its average volume of 7,733,930. The firm's 50-day simple moving average is $5.14 and its 200 day simple moving average is $4.82. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. Algonquin Power & Utilities Corp. has a one year low of $4.19 and a one year high of $6.75. The company has a market capitalization of $4.43 billion, a P/E ratio of -4.47 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The business had revenue of $692.40 million for the quarter, compared to analyst estimates of $699.08 million. During the same period in the previous year, the company earned $0.14 earnings per share. As a group, research analysts expect that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.51%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -14.44%.

About Algonquin Power & Utilities

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.