Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities research analysts at National Bank Financial cut their FY2017 earnings per share (EPS) estimates for Algonquin Power & Utilities Corp. in a report released on Sunday. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings of $0.51 per share for the year, down from their prior forecast of $0.53. National Bank Financial also issued estimates for Algonquin Power & Utilities Corp.’s Q4 2017 earnings at $0.11 EPS and FY2018 earnings at $0.58 EPS.

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Separately, Zacks Investment Research upgraded Algonquin Power & Utilities Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, August 14th.

Algonquin Power & Utilities Corp. (NYSE AQN) opened at $10.63 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.65 and a current ratio of 0.80. Algonquin Power & Utilities Corp. has a 12-month low of $7.84 and a 12-month high of $11.21. The stock has a market capitalization of $4,100.34, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80.

A number of hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC boosted its position in Algonquin Power & Utilities Corp. by 7.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 965 shares during the period. KCG Holdings Inc. boosted its position in Algonquin Power & Utilities Corp. by 21.3% during the 1st quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 2,288 shares during the period. Hillsdale Investment Management Inc. boosted its position in Algonquin Power & Utilities Corp. by 4.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 82,270 shares of the utilities provider’s stock worth $866,000 after acquiring an additional 3,600 shares during the period. Naples Global Advisors LLC boosted its position in Algonquin Power & Utilities Corp. by 3.8% during the 2nd quarter. Naples Global Advisors LLC now owns 135,205 shares of the utilities provider’s stock worth $1,425,000 after acquiring an additional 5,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Algonquin Power & Utilities Corp. by 19.0% in the second quarter. Bank of New York Mellon Corp now owns 34,415 shares of the utilities provider’s stock valued at $362,000 after buying an additional 5,500 shares during the period. Institutional investors own 38.63% of the company’s stock.

Algonquin Power & Utilities Corp. Company Profile

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

Earnings History and Estimates for Algonquin Power & Utilities Corp. (NYSE:AQN)

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