Natural Investments LLC Invests $106,000 in Algonquin Power & Utilities Corp. (NYSE:AQN)

Natural Investments LLC acquired a new stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,954 shares of the utilities provider’s stock, valued at approximately $106,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities during the 3rd quarter valued at $58,000. Walleye Capital LLC acquired a new stake in Algonquin Power & Utilities during the third quarter valued at $59,000. SVB Wealth LLC purchased a new position in Algonquin Power & Utilities in the fourth quarter valued at about $49,000. Verdence Capital Advisors LLC purchased a new position in Algonquin Power & Utilities in the third quarter valued at about $61,000. Finally, Raymond James Trust N.A. increased its position in Algonquin Power & Utilities by 33.4% in the 3rd quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 3,343 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price target on Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a report on Tuesday, February 18th. Scotiabank lifted their target price on shares of Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating and set a $7.00 price target on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. Finally, National Bankshares reduced their price objective on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Algonquin Power & Utilities currently has an average rating of “Hold” and a consensus price target of $5.94.

Algonquin Power & Utilities Price Performance

NYSE AQN opened at $4.83 on Thursday. Algonquin Power & Utilities Corp. has a 1 year low of $4.19 and a 1 year high of $6.79. The company has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $4.85. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The company has a market cap of $3.70 billion, a P/E ratio of -3.74 and a beta of 0.71.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings results on Friday, March 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $584.80 million for the quarter, compared to the consensus estimate of $644.73 million. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. On average, sell-side analysts predict that Algonquin Power & Utilities Corp. will post 0.38 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Monday, March 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently -14.44%.

Algonquin Power & Utilities 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.