354,999 Shares in Algonquin Power & Utilities Corp. (NYSE:AQN) Bought by CenterBook Partners LP

CenterBook Partners LP acquired a new position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 354,999 shares of the utilities provider's stock, valued at approximately $1,580,000.

A number of other hedge funds have also recently made changes to their positions in AQN. Walleye Capital LLC bought a new position in shares of Algonquin Power & Utilities in the third quarter worth approximately $59,000. State Street Corp lifted its position in Algonquin Power & Utilities by 11.7% in the 3rd quarter. State Street Corp now owns 2,536,900 shares of the utilities provider's stock valued at $13,991,000 after acquiring an additional 266,500 shares in the last quarter. Jane Street Group LLC boosted its stake in Algonquin Power & Utilities by 321.5% during the 3rd quarter. Jane Street Group LLC now owns 1,124,923 shares of the utilities provider's stock valued at $6,147,000 after purchasing an additional 858,022 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Algonquin Power & Utilities in the 3rd quarter worth $792,000. Finally, Barclays PLC raised its stake in shares of Algonquin Power & Utilities by 33.2% in the third quarter. Barclays PLC now owns 829,508 shares of the utilities provider's stock worth $4,522,000 after purchasing an additional 206,603 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Stock Performance

AQN stock traded down $0.03 during midday trading on Tuesday, reaching $5.18. 10,134,305 shares of the company's stock traded hands, compared to its average volume of 10,921,746. The stock's 50-day moving average is $4.91 and its 200 day moving average is $4.79. The stock has a market cap of $3.97 billion, a P/E ratio of -4.01 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 company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17.

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Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced 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). Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The company had revenue of $584.80 million during the quarter, compared to the consensus estimate of $644.73 million. As a group, analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.02%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -14.44%.

Analyst Upgrades and Downgrades

AQN has been the topic of several recent analyst reports. Scotiabank increased their price objective on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. National Bankshares dropped their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Royal Bank of Canada decreased 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 report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.94.

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.