Montrusco Bolton Investments Inc. Increases Holdings in Algonquin Power & Utilities Corp. (AQN)

Montrusco Bolton Investments Inc. grew its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,957,777 shares of the utilities provider’s stock after purchasing an additional 268,105 shares during the quarter. Algonquin Power & Utilities makes up about 4.9% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 5th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Algonquin Power & Utilities were worth $89,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Investments Inc. acquired a new stake in Algonquin Power & Utilities during the 3rd quarter worth $10,397,000. Swiss National Bank boosted its position in shares of Algonquin Power & Utilities by 60.4% during the 2nd quarter. Swiss National Bank now owns 621,100 shares of the utilities provider’s stock valued at $6,539,000 after acquiring an additional 234,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Algonquin Power & Utilities by 5.6% during the 2nd quarter. Vanguard Group Inc. now owns 7,738,993 shares of the utilities provider’s stock valued at $81,570,000 after acquiring an additional 410,997 shares during the last quarter. Ninepoint Partners LP acquired a new position in shares of Algonquin Power & Utilities during the 3rd quarter valued at about $438,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Algonquin Power & Utilities by 114.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 129,365 shares of the utilities provider’s stock valued at $1,360,000 after acquiring an additional 68,900 shares during the last quarter. 36.83% of the stock is currently owned by institutional investors.

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) traded down $0.06 during mid-day trading on Friday, hitting $10.60. 163,000 shares of the stock traded hands, compared to its average volume of 159,488. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.76 and a current ratio of 0.94. The firm has a market cap of $4,130.00, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.25 and a beta of 0.81. Algonquin Power & Utilities Corp. has a 1 year low of $8.45 and a 1 year high of $11.34.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.1165 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.47 annualized dividend and a dividend yield of 4.40%. Algonquin Power & Utilities’s payout ratio is 117.50%.

Separately, Zacks Investment Research raised shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, September 25th.

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About Algonquin Power & Utilities

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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