Natixis Decreases Stock Holdings in Algonquin Power & Utilities Corp. (NYSE:AQN)

Natixis trimmed its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 10.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,568,092 shares of the utilities provider's stock after selling 294,643 shares during the period. Natixis owned approximately 0.33% of Algonquin Power & Utilities worth $11,394,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. SVB Wealth LLC purchased a new position in Algonquin Power & Utilities in the fourth quarter worth about $49,000. Avantax Advisory Services Inc. purchased a new stake in Algonquin Power & Utilities during the 4th quarter valued at $58,000. Ballentine Partners LLC purchased a new position in shares of Algonquin Power & Utilities in the fourth quarter worth $63,000. Spire Wealth Management boosted its position in shares of Algonquin Power & Utilities by 149.6% during the fourth quarter. Spire Wealth Management now owns 17,000 shares of the utilities provider's stock valued at $76,000 after buying an additional 10,190 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Algonquin Power & Utilities by 40.5% in the 4th quarter. Quadrant Capital Group LLC now owns 17,555 shares of the utilities provider's stock worth $78,000 after buying an additional 5,060 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock traded down $0.01 during trading on Friday, reaching $5.29. 7,274,708 shares of the stock traded hands, compared to its average volume of 7,466,956. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -4.09 and a beta of 0.65. Algonquin Power & Utilities Corp. has a 52-week low of $4.19 and a 52-week high of $6.79. The business has a fifty day simple moving average of $5.01 and a two-hundred day simple moving average of $4.79.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $584.80 million for the quarter, compared to analysts' expectations of $644.73 million. Sell-side analysts expect that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.065 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.92%. Algonquin Power & Utilities's payout ratio is currently -14.44%.

Analyst Upgrades and Downgrades

AQN has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. National Bankshares cut their price objective on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Scotiabank raised their target price on Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Finally, CIBC reduced their price target on shares of Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Algonquin Power & Utilities has an average rating of "Hold" and a consensus price target of $5.92.

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.