Quantbot Technologies LP Has $3.24 Million Stock Position in Algonquin Power & Utilities Corp. (NYSE:AQN)

Quantbot Technologies LP raised its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 728,307 shares of the utilities provider's stock after purchasing an additional 103,217 shares during the quarter. Quantbot Technologies LP owned 0.09% of Algonquin Power & Utilities worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Swiss National Bank boosted its stake in Algonquin Power & Utilities by 10.4% in the 3rd quarter. Swiss National Bank now owns 1,433,000 shares of the utilities provider's stock valued at $7,843,000 after buying an additional 135,400 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Algonquin Power & Utilities by 14.5% during the third quarter. Advisors Asset Management Inc. now owns 163,335 shares of the utilities provider's stock valued at $890,000 after acquiring an additional 20,731 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Algonquin Power & Utilities by 10.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,211,241 shares of the utilities provider's stock valued at $12,095,000 after purchasing an additional 206,490 shares in the last quarter. Raymond James Trust N.A. grew 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 purchasing an additional 3,343 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Algonquin Power & Utilities by 6.0% during the 3rd quarter. Bank of Montreal Can now owns 20,882,966 shares of the utilities provider's stock worth $115,175,000 after purchasing an additional 1,190,236 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on AQN shares. JPMorgan Chase & Co. restated a "neutral" rating and issued a $7.00 price target on shares of Algonquin Power & Utilities in a research report on Thursday, December 12th. National Bankshares reduced their target price on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Scotiabank raised their price target on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada cut their price objective on Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.94.

Algonquin Power & Utilities Trading Up 0.3 %

Shares of AQN traded up $0.02 during trading hours on Thursday, hitting $5.18. 7,593,624 shares of the stock traded hands, compared to its average volume of 6,790,123. The business has a fifty day moving average of $4.75 and a 200-day moving average of $4.83. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $3.97 billion, a PE ratio of -4.01 and a beta of 0.71. Algonquin Power & Utilities Corp. has a 1-year low of $4.19 and a 1-year high of $6.79.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, March 7th. The utilities provider reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $644.73 million. 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 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 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Monday, March 31st. Algonquin Power & Utilities's dividend payout ratio is currently -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.