Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Bought by Nebula Research & Development LLC

Nebula Research & Development LLC boosted its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 157.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,576 shares of the utilities provider's stock after purchasing an additional 98,702 shares during the period. Nebula Research & Development LLC's holdings in Algonquin Power & Utilities were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Krilogy Financial LLC raised its stake in Algonquin Power & Utilities by 116.7% during the 4th quarter. Krilogy Financial LLC now owns 1,621,045 shares of the utilities provider's stock valued at $7,214,000 after purchasing an additional 873,045 shares during the period. CWA Asset Management Group LLC purchased a new stake in Algonquin Power & Utilities in the fourth quarter worth $905,000. Vanguard Group Inc. lifted its holdings in Algonquin Power & Utilities by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider's stock valued at $139,845,000 after buying an additional 544,198 shares in the last quarter. Manning & Napier Advisors LLC raised its position in Algonquin Power & Utilities by 25.0% during the 4th quarter. Manning & Napier Advisors LLC now owns 1,250,000 shares of the utilities provider's stock valued at $5,562,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Algonquin Power & Utilities by 12.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,179,465 shares of the utilities provider's stock worth $7,808,000 after purchasing an additional 128,806 shares during the last quarter. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock traded up $0.13 during trading hours on Friday, hitting $5.40. 12,846,655 shares of the company were exchanged, compared to its average volume of 7,560,534. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of -4.19 and a beta of 0.67. The business has a 50-day moving average of $5.06 and a 200-day moving average of $4.80. Algonquin Power & Utilities Corp. has a 1 year low of $4.19 and a 1 year high of $6.79. 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 (NYSE:AQN - Get Free Report) last posted its earnings results on Friday, March 7th. The utilities provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The firm had revenue of $584.80 million for the quarter, compared to analysts' expectations of $644.73 million. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. As a group, analysts expect that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.81%. Algonquin Power & Utilities's dividend payout ratio is currently -14.44%.

Wall Street Analyst Weigh In

AQN has been the topic of a number of research reports. CIBC cut 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. Royal Bank of Canada dropped their price objective on shares of 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. Scotiabank raised their target price on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, National Bankshares cut their price target 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. One research 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 company's stock. According to data from MarketBeat, Algonquin Power & Utilities has an average rating of "Hold" and a consensus target price of $5.92.

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.