C WorldWide Group Holding A S lowered its position in Algonquin Power & Utilities Corp. (NYSE:AQN) by 36.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 167,900 shares of the utilities provider’s stock after selling 96,100 shares during the period. C WorldWide Group Holding A S’s holdings in Algonquin Power & Utilities Corp. were worth $2,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AQN. Bank of New York Mellon Corp raised its position 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 worth $277,000 after acquiring an additional 18,369 shares during the period. Legal & General Group Plc raised its position in shares of Algonquin Power & Utilities Corp. by 34.7% in the first quarter. Legal & General Group Plc now owns 34,952 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 9,000 shares during the period. Vanguard Group Inc. raised its position in shares of Algonquin Power & Utilities Corp. by 45.5% in the first quarter. Vanguard Group Inc. now owns 7,327,996 shares of the utilities provider’s stock worth $70,202,000 after acquiring an additional 2,291,517 shares during the period. KCG Holdings Inc. raised its position in shares of 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 worth $124,000 after acquiring an additional 2,288 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Algonquin Power & Utilities Corp. by 2.5% during the 1st quarter. Bank of America Corp DE now owns 1,241,009 shares of the utilities provider’s stock worth $11,889,000 after purchasing an additional 30,645 shares during the last quarter. Institutional investors and hedge funds own 38.63% of the company’s stock.

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

Algonquin Power & Utilities Corp. (NYSE:AQN) traded down $0.03 on Monday, hitting $10.49. 120,700 shares of the company traded hands, compared to its average volume of 107,274. Algonquin Power & Utilities Corp. has a 52-week low of $7.75 and a 52-week high of $11.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.65 and a current ratio of 0.80. The firm has a market cap of $4,046.34, a P/E ratio of 20.98, a PEG ratio of 1.32 and a beta of 0.80.

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About Algonquin Power & Utilities Corp.

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 Corp. (NYSE:AQN)

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