105,406 Shares in Algonquin Power & Utilities Corp. (NYSE:AQN) Purchased by Natixis Advisors LLC

Natixis Advisors LLC bought a new position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 105,406 shares of the utilities provider's stock, valued at approximately $469,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC bought a new stake in shares of Algonquin Power & Utilities in the third quarter valued at about $58,000. Walleye Capital LLC acquired a new stake in Algonquin Power & Utilities in the 3rd quarter valued at approximately $59,000. SVB Wealth LLC bought a new stake in Algonquin Power & Utilities in the 4th quarter valued at approximately $49,000. Avantax Advisory Services Inc. acquired a new position in Algonquin Power & Utilities during the 4th quarter worth approximately $58,000. Finally, Raymond James Trust N.A. grew its stake in shares of Algonquin Power & Utilities by 33.4% during the 3rd quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider's stock worth $73,000 after acquiring an additional 3,343 shares in the last quarter. Institutional investors own 62.28% of the company's stock.

Wall Street Analysts Forecast Growth

AQN has been the subject of several recent research reports. National Bankshares reduced their target price on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Royal Bank of Canada reduced 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Algonquin Power & Utilities in a research report on Thursday, December 12th. Finally, Scotiabank increased their price target 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.94.

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Algonquin Power & Utilities Stock Performance

NYSE AQN traded up $0.03 during trading on Friday, reaching $5.20. 8,019,990 shares of the company's stock were exchanged, compared to its average volume of 6,844,737. Algonquin Power & Utilities Corp. has a fifty-two week low of $4.19 and a fifty-two week high of $6.79. The stock has a market capitalization of $3.99 billion, a P/E ratio of -4.03 and a beta of 0.71. The business has a 50 day moving average price of $4.78 and a 200-day moving average price of $4.83. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 earnings per share 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 business had revenue of $584.80 million during the quarter, compared to the consensus estimate of $644.73 million. Sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, March 31st. Algonquin Power & Utilities's payout ratio is -14.44%.

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.