Algonquin Power & Utilities Corp. (NYSE:AQN) Position Maintained by Davis Rea Ltd.

Davis Rea Ltd. continued to hold its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,915 shares of the utilities provider’s stock at the end of the second quarter. Davis Rea Ltd.’s holdings in Algonquin Power & Utilities Corp. were worth $136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AQN. Morris Capital Advisors LLC raised its stake in shares of Algonquin Power & Utilities Corp. by 7.4% in the first quarter. Morris Capital Advisors LLC now owns 18,679 shares of the utilities provider’s stock worth $179,000 after buying an additional 1,280 shares during the last quarter. Swiss National Bank raised its stake in shares of Algonquin Power & Utilities Corp. by 1.4% in the first quarter. Swiss National Bank now owns 387,100 shares of the utilities provider’s stock valued at $3,697,000 after buying an additional 5,200 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Algonquin Power & Utilities Corp. by 174.2% in the first quarter. Bank of New York Mellon Corp now owns 28,915 shares of the utilities provider’s stock valued at $277,000 after buying an additional 18,369 shares in the last quarter. C WorldWide Group Holding A S purchased a new stake in shares of Algonquin Power & Utilities Corp. during the first quarter valued at $3,352,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of Algonquin Power & Utilities Corp. by 0.9% in the first quarter. Great West Life Assurance Co. Can now owns 3,898,672 shares of the utilities provider’s stock valued at $37,219,000 after buying an additional 34,360 shares in the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Algonquin Power & Utilities Corp. (NYSE AQN) opened at 10.43 on Thursday. Algonquin Power & Utilities Corp. has a one year low of $7.75 and a one year high of $10.85. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 66.86 and a beta of 0.81. The company has a 50-day moving average price of $10.51 and a 200 day moving average price of $9.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.1165 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Wednesday, June 28th. Algonquin Power & Utilities Corp.’s dividend payout ratio is currently 174.07%.

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Several analysts recently weighed in on the company. Zacks Investment Research lowered Algonquin Power & Utilities Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities Corp. in a report on Tuesday, June 20th. They issued a “market perform” rating for the company.

Want to see what other hedge funds are holding AQN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Algonquin Power & Utilities Corp. (NYSE:AQN).

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

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