Fiera Capital Corp lessened its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,465,519 shares of the utilities provider’s stock after selling 125,346 shares during the quarter. Fiera Capital Corp owned 1.16% of Algonquin Power & Utilities Corp. worth $46,920,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. KCG Holdings Inc. lifted its position in shares of Algonquin Power & Utilities Corp. by 21.3% during the 1st quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock worth $124,000 after buying an additional 2,288 shares during the period. Naples Global Advisors LLC lifted its position in shares of Algonquin Power & Utilities Corp. by 3.8% during the 2nd quarter. Naples Global Advisors LLC now owns 135,205 shares of the utilities provider’s stock worth $1,425,000 after buying an additional 5,000 shares during the period. Swiss National Bank lifted its position in shares of Algonquin Power & Utilities Corp. by 1.4% during the 1st quarter. Swiss National Bank now owns 387,100 shares of the utilities provider’s stock worth $3,697,000 after buying an additional 5,200 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Algonquin Power & Utilities Corp. by 19.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 34,415 shares of the utilities provider’s stock worth $362,000 after buying an additional 5,500 shares during the period. Finally, Cidel Asset Management Inc. lifted its position in shares of Algonquin Power & Utilities Corp. by 0.9% during the 1st quarter. Cidel Asset Management Inc. now owns 888,042 shares of the utilities provider’s stock worth $8,400,000 after buying an additional 7,731 shares during the period. Institutional investors and hedge funds own 38.06% of the company’s stock.

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AQN has been the subject of several analyst reports. Zacks Investment Research downgraded Algonquin Power & Utilities Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities Corp. in a research report on Tuesday, June 20th. They set a “market perform” rating for the company.

Algonquin Power & Utilities Corp. (NYSE AQN) traded up 0.09% during trading on Wednesday, hitting $10.80. The company had a trading volume of 12,762 shares. The stock has a 50-day moving average of $10.70 and a 200 day moving average of $10.10. Algonquin Power & Utilities Corp. has a one year low of $7.75 and a one year high of $11.21. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 62.79 and a beta of 0.81.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.1165 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Thursday, September 28th. Algonquin Power & Utilities Corp.’s dividend payout ratio is currently 156.67%.

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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