Algonquin Power & Utilities Corp. (AQN) Shares Bought by LGT Capital Partners LTD.

LGT Capital Partners LTD. lifted its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 36.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 775,500 shares of the utilities provider’s stock after buying an additional 207,100 shares during the period. LGT Capital Partners LTD.’s holdings in Algonquin Power & Utilities were worth $8,699,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Virtu KCG Holdings LLC raised its holdings in shares of Algonquin Power & Utilities by 7.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock worth $147,000 after buying an additional 965 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Algonquin Power & Utilities by 4.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 82,270 shares of the utilities provider’s stock worth $866,000 after buying an additional 3,600 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Algonquin Power & Utilities 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 in the last quarter. Guardian Capital Advisors LP raised its holdings in shares of Algonquin Power & Utilities by 3.0% during the 2nd quarter. Guardian Capital Advisors LP now owns 203,125 shares of the utilities provider’s stock worth $2,622,000 after buying an additional 5,870 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its holdings in shares of Algonquin Power & Utilities by 1.3% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 544,999 shares of the utilities provider’s stock worth $5,745,000 after buying an additional 6,881 shares in the last quarter. 36.83% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut Algonquin Power & Utilities from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th.

Algonquin Power & Utilities Corp. (NYSE AQN) traded down $0.10 during trading on Thursday, hitting $10.66. The stock had a trading volume of 124,000 shares, compared to its average volume of 158,986. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.94 and a quick ratio of 0.76. Algonquin Power & Utilities Corp. has a 12 month low of $8.42 and a 12 month high of $11.34. The firm has a market cap of $4,130.00, a PE ratio of 26.65, a P/E/G ratio of 1.25 and a beta of 0.81.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.1165 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.47 dividend on an annualized basis and a yield of 4.37%. Algonquin Power & Utilities’s dividend payout ratio is currently 117.50%.

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Algonquin Power & Utilities 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.

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

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