20,325 Shares in Algonquin Power & Utilities Corp. $AQN Bought by Terril Brothers Inc.

Terril Brothers Inc. acquired a new stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,325 shares of the utilities provider’s stock, valued at approximately $116,000.

A number of other institutional investors have also bought and sold shares of AQN. EdgePoint Investment Group Inc. raised its stake in Algonquin Power & Utilities by 84.9% during the first quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider’s stock worth $216,868,000 after purchasing an additional 19,392,805 shares during the period. Southpoint Capital Advisors LP purchased a new position in Algonquin Power & Utilities in the 1st quarter valued at approximately $51,400,000. Ariel Investments LLC acquired a new position in Algonquin Power & Utilities during the 1st quarter worth $35,735,000. Goldman Sachs Group Inc. grew its holdings in Algonquin Power & Utilities by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after acquiring an additional 4,808,539 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Algonquin Power & Utilities during the 1st quarter worth about $13,293,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on AQN shares. Wall Street Zen downgraded shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. TD Securities upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research report on Monday, August 11th. Raymond James Financial raised their target price on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Friday, October 24th. Desjardins boosted their price target on Algonquin Power & Utilities from $6.25 to $6.75 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Algonquin Power & Utilities in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.55.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN opened at $5.58 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 1.09. Algonquin Power & Utilities Corp. has a one year low of $4.19 and a one year high of $6.24. The company has a market capitalization of $4.28 billion, a PE ratio of -3.10 and a beta of 0.72. The stock has a fifty day moving average of $5.69 and a 200-day moving average of $5.69.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. The firm had revenue of $535.59 million during the quarter, compared to analyst estimates of $535.64 million. During the same quarter last year, the business posted $0.09 EPS. As a group, equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.26 dividend on an annualized basis and a yield of 4.7%. Algonquin Power & Utilities’s payout ratio is -14.44%.

Algonquin Power & Utilities Company Profile

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.