Squarepoint Ops LLC Has $325,000 Holdings in Algonquin Power & Utilities Corp. (NYSE:AQN)

Squarepoint Ops LLC raised its holdings in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 451.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,040 shares of the utilities provider's stock after buying an additional 59,806 shares during the quarter. Squarepoint Ops LLC's holdings in Algonquin Power & Utilities were worth $325,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of Algonquin Power & Utilities in the 4th quarter worth about $49,000. Avantax Advisory Services Inc. purchased a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth approximately $58,000. Spire Wealth Management raised its stake in shares of Algonquin Power & Utilities by 149.6% in the fourth 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 during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Algonquin Power & Utilities by 59.6% in the fourth quarter. Capstone Investment Advisors LLC now owns 17,060 shares of the utilities provider's stock worth $76,000 after purchasing an additional 6,370 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake 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 purchasing an additional 5,060 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Algonquin Power & Utilities Price Performance

NYSE:AQN opened at $5.86 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -4.54 and a beta of 0.67. Algonquin Power & Utilities Corp. has a 1-year low of $4.19 and a 1-year high of $6.36. The company has a 50 day moving average price of $5.38 and a 200-day moving average price of $4.93. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73.

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

Algonquin Power & Utilities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 4.44%. Algonquin Power & Utilities's payout ratio is -15.48%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets reaffirmed a "market perform" rating and set a $6.00 price target (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday, May 12th. Desjardins raised their target price on Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a "hold" rating in a research report on Wednesday. Scotiabank raised their target price on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a research report on Wednesday. Wall Street Zen lowered Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, National Bank Financial 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 report on Wednesday. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of "Hold" and an average price target of $6.31.

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.

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