Algonquin Power & Utilities Corp. (AQN) Stake Reduced by DORCHESTER WEALTH MANAGEMENT Co

Rufina Vignone
Agosto 12, 2017

About Algonquin Power & Utilities Corp. Jane Street Group LLC acquired a new position in Algonquin Power & Utilities Corp. during the first quarter worth about $214,000. Swiss National Bank increased its stake in shares of Algonquin Power & Utilities Corp.by 1.4% 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 period. Algonquin Power & Utilities Corp has a 52 week low of $10.47 and a 52 week high of $14.35.

In terms of earnings per share, 9 analysts have a 0.14 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 9 analysts have a 0.18 EPS mean target and for the quarter ending Dec-17 there are 8 estimates of 0.70 EPS. Hexavest Inc. increased its stake in shares of Algonquin Power & Utilities Corp.by 4.9% in the first quarter. (NASDAQ:AQN) to report earnings on Aug, 10 for the fiscal quarter ending Jun 2017. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities Corp in a report on Tuesday, June 20th.

Shares of Algonquin Power & Utilities Corp. The company has a 50-day moving average price of $13.39 and a 200-day moving average price of $12.93. The stock has a market capitalization of $5.13 billion and a PE ratio of 68.36.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.1165 per share. This represents a $0.47 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Wednesday, June 28th. Algonquin Power & Utilities Corp.'s dividend payout ratio (DPR) is 156.67%. If you are reading this story on another publication, it was stolen and republished in violation of worldwide copyright legislation. The correct version of this news story can be read at https://www.thestockobserver.com/2017/08/10/davis-rea-ltd-has-136000-position-in-algonquin-power-utilities-corp-nyseaqn.html. Institutional investors and hedge funds own 40.67% of the company's stock.

Several equities research analysts have weighed in on the company.

WARNING: "Algonquin Power & Utilities Corp (AQN) PT Raised to C$16.00 at Raymond James Financial, Inc." was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze.

Algonquin Power & Utilities Corp (TSE AQN) remained flat at $13.33 during midday trading on Tuesday. They issued a "market perform" rating for the company.

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