Integrity Alliance LLC. Has $80,000 Stock Position in Algonquin Power & Utilities Corp. $AQN

Integrity Alliance LLC. trimmed its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 11.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,590 shares of the utilities provider’s stock after selling 1,986 shares during the period. Integrity Alliance LLC.’s holdings in Algonquin Power & Utilities were worth $80,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AQN. Bank of New York Mellon Corp lifted its stake in shares of Algonquin Power & Utilities by 16.3% in the first quarter. Bank of New York Mellon Corp now owns 14,809 shares of the utilities provider’s stock valued at $76,000 after buying an additional 2,073 shares during the period. US Bancorp DE lifted its stake in shares of Algonquin Power & Utilities by 85.7% in the first quarter. US Bancorp DE now owns 4,887 shares of the utilities provider’s stock valued at $25,000 after buying an additional 2,256 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Algonquin Power & Utilities by 5.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 114,834 shares of the utilities provider’s stock valued at $583,000 after buying an additional 5,693 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Algonquin Power & Utilities in the first quarter valued at about $31,000. Finally, Signaturefd LLC lifted its stake in shares of Algonquin Power & Utilities by 14.6% in the first quarter. Signaturefd LLC now owns 48,586 shares of the utilities provider’s stock valued at $250,000 after buying an additional 6,203 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AQN shares. National Bank Financial upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research note on Sunday, June 8th. National Bankshares downgraded shares of Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating and set a $6.75 price objective for the company. in a report on Wednesday, June 4th. Royal Bank Of Canada raised their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Scotiabank raised their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a “sector perform” rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Eleven analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.34.

Algonquin Power & Utilities Trading Down 0.4%

AQN opened at $5.59 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.29 billion, a PE ratio of -3.10 and a beta of 0.69. Algonquin Power & Utilities Corp. has a 1-year low of $4.19 and a 1-year high of $6.24. The firm has a 50-day moving average price of $5.82 and a two-hundred day moving average price of $5.53.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $535.59 million during the quarter, compared to analysts’ expectations of $535.64 million. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. During the same quarter last year, the company posted $0.09 EPS. As a group, equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, September 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is -14.44%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.