Rothschild Asset Management Inc. decreased its stake in Algonquin Power & Utilities Corp. (NYSE:AQN) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 291,291 shares of the utilities provider’s stock after selling 33,857 shares during the period. Rothschild Asset Management Inc.’s holdings in Algonquin Power & Utilities Corp. were worth $3,976,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AQN. Davis Rea LTD. purchased a new position in shares of Algonquin Power & Utilities Corp. during the first quarter worth about $123,000. KCG Holdings Inc. raised its position in shares of Algonquin Power & Utilities Corp. by 21.3% in the first quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock worth $124,000 after buying an additional 2,288 shares during the last quarter. Morris Capital Advisors LLC raised its position in shares of Algonquin Power & Utilities Corp. by 7.4% in the first quarter. Morris Capital Advisors LLC now owns 18,679 shares of the utilities provider’s stock worth $179,000 after buying an additional 1,280 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Algonquin Power & Utilities Corp. during the first quarter worth $214,000. Finally, Bank of New York Mellon Corp raised its position in shares of Algonquin Power & Utilities Corp. by 174.2% in the first 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. Institutional investors own 40.67% of the company’s stock.

Algonquin Power & Utilities Corp. (NYSE AQN) opened at 10.57 on Tuesday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 68.19 and a beta of 0.81. Algonquin Power & Utilities Corp. has a 1-year low of $7.75 and a 1-year high of $10.85. The company has a 50 day moving average of $10.52 and a 200 day moving average of $9.72.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.1165 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Wednesday, June 28th. Algonquin Power & Utilities Corp.’s payout ratio is presently 174.07%.

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A number of brokerages have recently commented on AQN. Zacks Investment Research raised shares of Algonquin Power & Utilities Corp. from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Wells Fargo & Company assumed coverage on shares of Algonquin Power & Utilities Corp. in a report on Tuesday, June 20th. They set a “market perform” rating on the stock.

Want to see what other hedge funds are holding AQN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Algonquin Power & Utilities Corp. (NYSE:AQN).

Institutional Ownership by Quarter for Algonquin Power & Utilities Corp. (NYSE:AQN)

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