Algonquin Power & Utilities Corp. (AQN) Stake Reduced by DORCHESTER WEALTH MANAGEMENT Co

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.

On a per-share basis, the Oakville, Ontario-based company said it had net income of 9 cents.

The utility operator posted revenue of $336.8 million in the period.

Davis Rea Ltd. continued to hold its stake in Algonquin Power & Utilities Corp. In the final minutes of trading on Thursday, shares hit $10.45, a climb of 15 percent in the last 12 months. Finally, Sprott Inc. bought a new stake in shares of Algonquin Power & Utilities Corp. during the second quarter valued at $337,000. Barometer Capital Management Inc. increased its stake in shares of Algonquin Power & Utilities Corp.by 109.5% in the first quarter. 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.

Shares of Algonquin Power & Utilities Corp.

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Algonquin Power & Utilities Corp. has a 1-year low of $7.75 and a 1-year high of $10.85. The stock has a market cap of $4.04 billion, a P/E ratio of 67.37 and a beta of 0.81. The company has a 50-day moving average price of $13.39 and a 200-day moving average price of $12.93.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.1165 per share. The ex-dividend date was Wednesday, June 28th. Algonquin Power & Utilities Corp.'s payout ratio is 174.07%.

ILLEGAL ACTIVITY NOTICE: "Algonquin Power & Utilities Corp". If you are reading this news story on another site, it was stolen and reposted in violation of United States and worldwide copyright and trademark laws. Institutional investors and hedge funds own 40.67% of the company's stock. 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.

Several research firms recently commented on AQN.

WARNING: "Algonquin Power & Utilities Corp (AQN) PT Raised to C$16.00 at Raymond James Financial, Inc." was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities Corp.in a research report on Tuesday, June 20th. They set a "market perform" rating for the company.

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