Schroder Investment Management Group bought a new position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 94,700 shares of the utilities provider’s stock, valued at approximately $1,242,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AQN. Trexquant Investment LP bought a new position in shares of Algonquin Power & Utilities during the second quarter worth approximately $119,000. Virtu KCG Holdings LLC increased its stake in shares of Algonquin Power & Utilities by 7.4% during the second quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 965 shares during the period. Alliancebernstein L.P. bought a new position in shares of Algonquin Power & Utilities during the second quarter worth approximately $161,000. QCM Cayman Ltd. bought a new position in shares of Algonquin Power & Utilities during the second quarter worth approximately $288,000. Finally, D.A. Davidson & CO. increased its stake in shares of Algonquin Power & Utilities by 540.9% during the second quarter. D.A. Davidson & CO. now owns 33,969 shares of the utilities provider’s stock worth $358,000 after purchasing an additional 28,669 shares during the period. Institutional investors own 36.83% of the company’s stock.

Algonquin Power & Utilities Corp. (AQN) opened at $11.10 on Friday. Algonquin Power & Utilities Corp. has a 52 week low of $8.30 and a 52 week high of $11.34. 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 $4,280.62, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.36 and a beta of 0.80.

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 paid a dividend of $0.1165 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.47 dividend on an annualized basis and a yield of 4.20%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 123.68%.

Separately, Zacks Investment Research upgraded Algonquin Power & Utilities from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, September 25th.

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Algonquin Power & Utilities 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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