KCG Holdings Inc. raised its position in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 21.3% during the first quarter, Holdings Channel reports. The firm owned 13,032 shares of the utilities provider’s stock after buying an additional 2,288 shares during the period. KCG Holdings Inc.’s holdings in Algonquin Power & Utilities Corp. were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AQN. Bank of Montreal Can increased its position in Algonquin Power & Utilities Corp. by 66.2% in the first quarter. Bank of Montreal Can now owns 14,216,471 shares of the utilities provider’s stock worth $136,194,000 after buying an additional 5,661,282 shares during the period. Barometer Capital Management Inc. increased its position in Algonquin Power & Utilities Corp. by 109.5% in the first quarter. Barometer Capital Management Inc. now owns 3,185,783 shares of the utilities provider’s stock worth $30,520,000 after buying an additional 1,664,783 shares during the period. LGT Capital Partners LTD. increased its position in Algonquin Power & Utilities Corp. by 15.9% in the first quarter. LGT Capital Partners LTD. now owns 800,000 shares of the utilities provider’s stock worth $7,620,000 after buying an additional 110,000 shares during the period. Hexavest Inc. increased its position in Algonquin Power & Utilities Corp. by 4.9% in the first quarter. Hexavest Inc. now owns 692,728 shares of the utilities provider’s stock worth $6,597,000 after buying an additional 32,198 shares during the period. Finally, Naples Global Advisors LLC acquired a new position in Algonquin Power & Utilities Corp. during the first quarter worth approximately $1,247,000. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Algonquin Power & Utilities Corp. (NYSE AQN) remained flat at $10.43 on Thursday. The company had a trading volume of 2,255 shares. Algonquin Power & Utilities Corp. has a 12 month low of $7.75 and a 12 month high of $10.85. The stock has a market capitalization of $4.01 billion, a PE ratio of 66.86 and a beta of 0.81. The company’s 50-day moving average is $10.51 and its 200 day moving average is $9.79.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.1165 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.47%. Algonquin Power & Utilities Corp.’s payout ratio is 174.07%.

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A number of research analysts have commented on AQN shares. 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 started coverage on shares of Algonquin Power & Utilities Corp. in a research 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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