Algonquin Power & Utilities Corp. (NYSE:AQN) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 90.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,000 shares of the utilities provider's stock after selling 215,229 shares during the quarter. John G Ullman & Associates Inc.'s holdings in Algonquin Power & Utilities were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AQN. SVB Wealth LLC bought a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth $49,000. Capstone Investment Advisors LLC purchased a new stake in shares of Algonquin Power & Utilities during the third quarter worth about $58,000. Walleye Capital LLC acquired a new position in Algonquin Power & Utilities in the 3rd quarter valued at about $59,000. Verdence Capital Advisors LLC acquired a new position in shares of Algonquin Power & Utilities in the 3rd quarter worth approximately $61,000. Finally, Ballentine Partners LLC acquired a new position in shares of Algonquin Power & Utilities during the 4th quarter worth about $63,000. Institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN traded down $0.09 during midday trading on Thursday, hitting $4.74. The company had a trading volume of 14,302,449 shares, compared to its average volume of 9,407,663. Algonquin Power & Utilities Corp. has a twelve month low of $4.19 and a twelve month high of $6.79. The business's 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.87. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -3.67 and a beta of 0.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

AQN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. National Bankshares reduced their price target on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. 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 on the stock in a research note on Tuesday, February 18th. Finally, Scotiabank increased their price target on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have given 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 company has an average rating of "Hold" and an average price target of $6.00.

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.