LGT Capital Partners LTD. increased its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 15.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 800,000 shares of the utilities provider’s stock after buying an additional 110,000 shares during the period. LGT Capital Partners LTD. owned 0.29% of Algonquin Power & Utilities Corp. worth $7,620,000 at the end of the most recent quarter.

Separately, Bank of Montreal Can increased its stake in shares of Algonquin Power & Utilities Corp. by 66.2% in the first quarter. Bank of Montreal Can now owns 14,216,471 shares of the utilities provider’s stock valued at $136,194,000 after buying an additional 5,661,282 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

Algonquin Power & Utilities Corp. (NYSE:AQN) traded down 0.10% during mid-day trading on Thursday, reaching $9.60. 99,878 shares of the company traded hands. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 43.05 and a beta of 0.82. Algonquin Power & Utilities Corp. has a 12-month low of $7.75 and a 12-month high of $10.18. The company’s 50-day moving average is $9.46 and its 200-day moving average is $8.81.

COPYRIGHT VIOLATION WARNING: “Algonquin Power & Utilities Corp. (AQN) Stake Raised by LGT Capital Partners LTD.” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at http://www.watchlistnews.com/algonquin-power-utilities-corp-aqn-stake-raised-by-lgt-capital-partners-ltd/1205805.html.

AQN has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Algonquin Power & Utilities Corp. from a “hold” rating to a “sell” rating in a research report on Friday, March 24th. JPMorgan Chase & Co. initiated coverage on shares of Algonquin Power & Utilities Corp. in a research report on Monday, February 27th. They set a “neutral” rating for the company. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Algonquin Power & Utilities Corp. in a research report on Sunday, January 22nd.

5 Day Chart for NYSE:AQN

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).

Receive News & Ratings for Algonquin Power & Utilities Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.