TD Asset Management Inc. raised its holdings in Algonquin Power & Utilities Corp. (NYSE:AQN) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,159,820 shares of the utilities provider’s stock after buying an additional 191,674 shares during the quarter. TD Asset Management Inc. owned 2.12% of Algonquin Power & Utilities Corp. worth $86,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Trexquant Investment LP acquired a new position in Algonquin Power & Utilities Corp. in the second quarter valued at approximately $119,000. KCG Holdings Inc. lifted its stake in Algonquin Power & Utilities Corp. by 21.3% in the first quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock valued at $124,000 after buying an additional 2,288 shares during the period. Virtu KCG Holdings LLC lifted its stake in Algonquin Power & Utilities Corp. by 7.4% in the second quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock valued at $147,000 after buying an additional 965 shares during the period. Alliancebernstein L.P. acquired a new position in Algonquin Power & Utilities Corp. in the second quarter valued at approximately $161,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Algonquin Power & Utilities Corp. during the second quarter worth approximately $288,000. 38.53% of the stock is currently owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Corp. (AQN) opened at $11.28 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.32. Algonquin Power & Utilities Corp. has a 12-month low of $7.89 and a 12-month high of $11.34. The firm has a market capitalization of $4,354.16, a P/E ratio of 20.09, a PEG ratio of 1.41 and a beta of 0.80.

The company also recently announced 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. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, December 28th. Algonquin Power & Utilities Corp.’s payout ratio is 123.68%.

Separately, Zacks Investment Research raised Algonquin Power & Utilities Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, August 14th.

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Algonquin Power & Utilities Corp. 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.

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

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