Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Purchased by Barclays PLC

Barclays PLC increased its position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 829,508 shares of the utilities provider's stock after buying an additional 206,603 shares during the period. Barclays PLC owned 0.11% of Algonquin Power & Utilities worth $4,522,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Algonquin Power & Utilities by 14.1% during the 3rd quarter. Private Advisor Group LLC now owns 17,769 shares of the utilities provider's stock worth $97,000 after acquiring an additional 2,201 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Algonquin Power & Utilities by 33.4% in the 3rd quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider's stock worth $73,000 after buying an additional 3,343 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in Algonquin Power & Utilities by 12.3% during the third quarter. Northwest & Ethical Investments L.P. now owns 47,155 shares of the utilities provider's stock worth $258,000 after purchasing an additional 5,158 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Algonquin Power & Utilities by 25.7% in the second quarter. EverSource Wealth Advisors LLC now owns 28,704 shares of the utilities provider's stock worth $179,000 after buying an additional 5,863 shares in the last quarter. Finally, Redwood Investment Management LLC raised its position in Algonquin Power & Utilities by 1.2% in the 3rd quarter. Redwood Investment Management LLC now owns 505,299 shares of the utilities provider's stock worth $2,794,000 after purchasing an additional 6,176 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Price Performance

Shares of NYSE AQN traded up $0.08 during mid-day trading on Friday, reaching $4.39. The company's stock had a trading volume of 6,716,850 shares, compared to its average volume of 5,588,267. Algonquin Power & Utilities Corp. has a 1-year low of $4.25 and a 1-year high of $6.79. The stock has a market capitalization of $3.37 billion, a P/E ratio of -3.40 and a beta of 0.68. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The stock has a 50-day moving average of $4.80 and a two-hundred day moving average of $5.37.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The business had revenue of $573.20 million for the quarter, compared to analysts' expectations of $620.46 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.39 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 5.92%. Algonquin Power & Utilities's payout ratio is currently -20.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AQN shares. Janney Montgomery Scott initiated coverage on Algonquin Power & Utilities in a research note on Thursday, September 5th. They set a "neutral" rating and a $6.00 target price on the stock. Scotiabank reduced their price objective on Algonquin Power & Utilities from $5.75 to $5.25 and set a "sector perform" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $6.00 target price on shares of Algonquin Power & Utilities in a research note on Friday, October 11th. Wells Fargo & Company reduced their price objective on Algonquin Power & Utilities from $6.00 to $5.50 and set an "equal weight" rating for the company in a report on Wednesday, October 16th. Finally, CIBC lowered their price target on Algonquin Power & Utilities from $5.75 to $5.50 and set a "neutral" rating on the stock in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.25.

Algonquin Power & Utilities Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.