Barometer Capital Management Inc. lowered its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,972,892 shares of the utilities provider’s stock after selling 212,891 shares during the period. Algonquin Power & Utilities Corp. comprises approximately 3.2% of Barometer Capital Management Inc.’s holdings, making the stock its largest position. Barometer Capital Management Inc. owned 0.77% of Algonquin Power & Utilities Corp. worth $31,334,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Algonquin Power & Utilities Corp. by 30.0% in the second quarter. Bank of Montreal Can now owns 18,480,569 shares of the utilities provider’s stock valued at $194,785,000 after buying an additional 4,264,098 shares during the last quarter. TD Asset Management Inc. purchased a new stake in Algonquin Power & Utilities Corp. during the first quarter worth approximately $78,908,000. Vanguard Group Inc. increased its stake in Algonquin Power & Utilities Corp. by 45.5% in the first quarter. Vanguard Group Inc. now owns 7,327,996 shares of the utilities provider’s stock worth $70,202,000 after buying an additional 2,291,517 shares in the last quarter. Montrusco Bolton Investments Inc. increased its stake in Algonquin Power & Utilities Corp. by 275.7% in the first quarter. Montrusco Bolton Investments Inc. now owns 7,045,132 shares of the utilities provider’s stock worth $67,089,000 after buying an additional 5,169,692 shares in the last quarter. Finally, Sentry Investments Corp. increased its stake in Algonquin Power & Utilities Corp. by 1.0% in the first quarter. Sentry Investments Corp. now owns 4,511,570 shares of the utilities provider’s stock worth $57,297,000 after buying an additional 45,500 shares in the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Algonquin Power & Utilities Corp. (AQN) traded up 1.71% on Friday, hitting $10.73. The stock had a trading volume of 77,495 shares. The stock has a market cap of $4.13 billion, a PE ratio of 68.78 and a beta of 0.81. Algonquin Power & Utilities Corp. has a 12 month low of $7.75 and a 12 month high of $10.85. The firm’s 50 day moving average price is $10.49 and its 200-day moving average price is $9.88.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.1165 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.34%. Algonquin Power & Utilities Corp.’s dividend payout ratio (DPR) is 156.67%.

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AQN has been the topic of several analyst reports. Zacks Investment Research raised Algonquin Power & Utilities Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, April 20th. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities Corp. in a research note on Tuesday, June 20th. They set a “market perform” rating on the stock.

Algonquin Power & Utilities Corp. Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

Institutional Ownership by Quarter for Algonquin Power & Utilities Corp. (NYSE:AQN)

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