Algonquin Power & Utilities Corp. (NYSE:AQN) – Stock analysts at National Bank Financial lowered their FY2017 EPS estimates for shares of Algonquin Power & Utilities Corp. in a report issued on Thursday. National Bank Financial analyst R. Merer now anticipates that the utilities provider will post earnings per share of $0.44 for the year, down from their previous estimate of $0.48. National Bank Financial has a “Outperform Market Weight” rating on the stock. National Bank Financial also issued estimates for Algonquin Power & Utilities Corp.’s FY2018 earnings at $0.47 EPS.

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A number of other equities research analysts also recently commented on AQN. Zacks Investment Research upgraded shares of Algonquin Power & Utilities Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 8th. JPMorgan Chase & Co. assumed coverage on shares of Algonquin Power & Utilities Corp. in a research report on Monday, February 27th. They issued a “neutral” rating on the stock.

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) traded down 0.7186% during mid-day trading on Monday, hitting $9.8785. The stock had a trading volume of 13,041 shares. The stock’s 50-day moving average price is $9.59 and its 200-day moving average price is $8.93. Algonquin Power & Utilities Corp. has a 52-week low of $7.75 and a 52-week high of $10.18. The firm has a market cap of $2.71 billion, a PE ratio of 44.9023 and a beta of 0.82.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its stake in Algonquin Power & Utilities Corp. by 66.2% in the first quarter. Bank of Montreal Can now owns 14,216,471 shares of the utilities provider’s stock valued at $136,194,000 after buying an additional 5,661,282 shares during the last quarter. Barometer Capital Management Inc. increased its position in shares of Algonquin Power & Utilities Corp. by 109.5% in the first quarter. Barometer Capital Management Inc. now owns 3,185,783 shares of the utilities provider’s stock valued at $30,520,000 after buying an additional 1,664,783 shares during the period. LGT Capital Partners LTD. increased its position in shares of Algonquin Power & Utilities Corp. by 15.9% in the first quarter. LGT Capital Partners LTD. now owns 800,000 shares of the utilities provider’s stock valued at $7,620,000 after buying an additional 110,000 shares during the period. Hexavest Inc. increased its position in shares of Algonquin Power & Utilities Corp. by 4.9% in the first quarter. Hexavest Inc. now owns 692,728 shares of the utilities provider’s stock valued at $6,597,000 after buying an additional 32,198 shares during the period. Finally, Naples Global Advisors LLC purchased a new position in shares of Algonquin Power & Utilities Corp. during the first quarter valued at about $1,247,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.1165 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.68%. Algonquin Power & Utilities Corp.’s dividend payout ratio (DPR) is presently 140.00%.

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