Goldman Sachs Group Inc. boosted its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 68.6% during the first quarter, Holdings Channel reports. The fund owned 136,533 shares of the utilities provider’s stock after buying an additional 55,533 shares during the period. Goldman Sachs Group Inc.’s holdings in Algonquin Power & Utilities Corp. were worth $1,308,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AQN. Davis Rea LTD. purchased a new stake in Algonquin Power & Utilities Corp. during the first quarter valued at $123,000. KCG Holdings Inc. raised 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 last quarter. Morris Capital Advisors LLC raised its stake in 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 valued at $179,000 after buying an additional 1,280 shares during the last quarter. Jane Street Group LLC purchased a new stake in Algonquin Power & Utilities Corp. during the first quarter valued at $214,000. Finally, Bank of New York Mellon Corp raised its stake in 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 during the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Algonquin Power & Utilities Corp. (AQN) traded up 0.19% on Thursday, reaching $10.45. 17,674 shares of the company traded hands. 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 $4.02 billion, a P/E ratio of 66.99 and a beta of 0.81. The firm’s 50 day moving average is $10.51 and its 200 day moving average is $9.79.

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

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Several equities research analysts have recently weighed in on AQN shares. Zacks Investment Research raised shares of Algonquin Power & Utilities Corp. from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Wells Fargo & Company started coverage on shares of Algonquin Power & Utilities Corp. in a report on Tuesday, June 20th. They issued a “market perform” rating on the stock.

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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