10,499 Shares in Algonquin Power & Utilities Corp. (AQN) Purchased by Neuberger Berman Group LLC

Neuberger Berman Group LLC purchased a new position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,499 shares of the utilities provider’s stock, valued at approximately $111,000.

Other hedge funds have also recently bought and sold shares of the company. Virtu KCG Holdings LLC raised its stake in 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 during the period. Alliancebernstein L.P. acquired a new position in Algonquin Power & Utilities during the 2nd quarter worth approximately $161,000. QCM Cayman Ltd. acquired a new position in Algonquin Power & Utilities during the 2nd quarter worth approximately $288,000. D.A. Davidson & CO. raised its stake in Algonquin Power & Utilities by 540.9% during the 2nd quarter. D.A. Davidson & CO. now owns 33,969 shares of the utilities provider’s stock worth $358,000 after buying an additional 28,669 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Algonquin Power & Utilities during the 3rd quarter worth approximately $363,000. 36.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of Algonquin Power & Utilities Corp. (NYSE AQN) opened at $10.87 on Friday. 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 company has a market capitalization of $4,130.00, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 1.24 and a beta of 0.81. Algonquin Power & Utilities Corp. has a twelve month low of $8.42 and a twelve month high of $11.34.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.1165 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, December 28th. Algonquin Power & Utilities’s dividend payout ratio is currently 117.50%.

Separately, Zacks Investment Research lowered Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a report on Monday, September 11th.

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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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