Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC increased its holdings in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 14.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,861,445 shares of the utilities provider's stock after buying an additional 240,400 shares during the period. Krilogy Financial LLC owned about 0.24% of Algonquin Power & Utilities worth $9,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FIL Ltd raised its stake 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 valued at $181,473,000 after purchasing an additional 18,857,515 shares during the last quarter. Norges Bank acquired a new position in Algonquin Power & Utilities in the 4th quarter valued at about $31,508,000. EdgePoint Investment Group Inc. raised its stake in Algonquin Power & Utilities by 32.8% in the 4th quarter. EdgePoint Investment Group Inc. now owns 22,830,789 shares of the utilities provider's stock valued at $101,202,000 after purchasing an additional 5,640,705 shares during the last quarter. Starboard Value LP raised its stake in Algonquin Power & Utilities by 5.1% in the 4th quarter. Starboard Value LP now owns 65,316,000 shares of the utilities provider's stock valued at $290,656,000 after purchasing an additional 3,175,000 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Algonquin Power & Utilities by 2,961.1% in the 4th quarter. Two Sigma Advisers LP now owns 2,718,300 shares of the utilities provider's stock valued at $12,096,000 after purchasing an additional 2,629,500 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Stock Down 1.0%

Shares of Algonquin Power & Utilities stock traded down $0.06 on Friday, hitting $5.85. 6,728,365 shares of the company's stock traded hands, compared to its average volume of 8,585,770. The firm's 50-day moving average is $5.47 and its 200 day moving average is $4.96. Algonquin Power & Utilities Corp. has a 52-week low of $4.19 and a 52-week high of $6.36. The stock has a market cap of $4.49 billion, a P/E ratio of -4.53 and a beta of 0.67. 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 (NYSE:AQN - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $692.40 million for the quarter, compared to analysts' expectations of $699.08 million. During the same quarter last year, the company posted $0.14 earnings per share. Equities analysts anticipate 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 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 4.44%. Algonquin Power & Utilities's payout ratio is currently -16.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AQN. TD Securities upped their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "hold" rating in a research note on Wednesday, June 4th. CIBC upped their price objective on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Raymond James upped their price objective on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. National Bankshares downgraded shares of Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price objective for the company. in a research note on Wednesday, June 4th. Finally, Desjardins upped their price objective on shares of Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a "hold" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.31.

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.