(NYSE:AQN) by 68.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Algonquin Power & Utilities Corp. earned a daily sentiment score of 0.10 on Accern's scale. Naples Global Advisors LLC raised its stake in shares of Algonquin Power & Utilities Corp.by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 28,915 shares of the utilities provider's stock worth $277,000 after buying an additional 18,369 shares during the last quarter. Davis Rea LTD. acquired a new position in Algonquin Power & Utilities Corp. during the first quarter worth about $123,000. Zacks Investment Research upgraded shares of Algonquin Power & Utilities Corp. from a "sell" rating to a "hold" rating in a research note on Friday, April 14th.
Want to see what other hedge funds are holding AQN? Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp (TSE:AQN) had its price target lifted by analysts at Raymond James Financial, Inc. from C$15.00 to C$16.00 in a report issued on Friday.
Algonquin Power & Utilities Corp. has a 52-week low of $7.75 and a 52-week high of $10.85. The firm's 50 day moving average price is $13.39 and its 200-day moving average price is $12.93. The firm has a market capitalization of $4.01 billion, a PE ratio of 66.86 and a beta of 0.81.
Olympics: LA approves host city contract for 2028 Games
A potential risk factor in moving forward with 2028 is that part of the 2024 deal included $250 million from the state. With the legislature in recess, it is impossible to immediately guarantee they will approve the same amount for 2028.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, September 29th will be 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 of this dividend was Wednesday, June 28th. Algonquin Power & Utilities Corp.'s dividend payout ratio (DPR) is 156.67%.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Stock Observer and is owned by of Stock Observer. "(AQN) Stake Reduced by DORCHESTER WEALTH MANAGEMENT Co" was posted by Week Herald and is owned by of Week Herald. If you are viewing this news story on another site, it was illegally copied and republished in violation of worldwide trademark and copyright laws. The original version of this news story can be viewed at https://weekherald.com/2017/08/10/dorchester-wealth-management-co-has-2-99-million-stake-in-algonquin-power-utilities-corp-aqn-updated-updated.html.
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities Corp.in a research report on Tuesday, June 20th. They issued a "market perform" rating on the stock.
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