According to the most recent SEC filing that the company has made, during the third quarter of 2018, DekaBank Deutsche Girozentrale increased the number of Algonquin Power & Utilities Corp. (NYSE: AQN) shares that it owned by 156.1%. The institutional investor now has a total of 112,194 shares of the common stock of the utility services provider after making additional purchases during the relevant time frame that added up to 68,387 stock units. The most recent document DekaBank Deutsche Girozentrale submitted to the SEC reveals that the financial institution possessed a 1.225% stake in Algonquin Power & Utilities. This investment was worth a total of 1,250,000 dollars.

Recently, the market has been active, with other large investors buying and selling AQN shares.

During the second quarter, the investment portfolio managed by SVB Wealth LLC added 4.7% more shares of Algonquin Power & Utilities to its existing holdings. Following the purchase of 704 additional shares during the most recent quarter, SVB Wealth LLC now has 15,683 shares of the utility provider’s stock, valued at $210,000. These shares were added to the portfolio during the most recent quarter. Cigna Investments Inc.

Increased the proportion of Algonquin Power & utility stock owned by 8.2 percent during the second quarter. Cigna Investments Inc. now has 13,301 shares of the utility provider’s stock, which have an estimated value of $179,000 after purchasing an additional 1,010 shares during the most recent quarter. This brings the total number of shares owned by the company to 13,301.

During the second quarter, Caldwell Investment Management Ltd.

Accomplished an increase of 1.1% in its ownership stake in Algonquin Power & Utilities.

After acquiring an additional 1,129 shares during the most recent fiscal quarter, Caldwell Investment Management Ltd. now holds 102,402 shares of the utility’s stock in its portfolio. The price per share has increased to $1,772,000 at this point. US Bancorp DE acquired an additional 83.7% of Algonquin Power & Utilities during the third quarter, bringing the total percentage of ownership it holds in that company to 100%. US Bancorp DE now has a total of 2,485 shares of the utility provider’s stock, worth a combined total of $28,000 after purchasing an additional 1,132 shares during the preceding quarter. US Bancorp DE’s total investment in the stock is valued at $28,000.

And finally, during the second quarter, Veriti Management LLC added 11.1% more shares to its portfolio of Algonquin Power & utility stock, bringing the total percentage of the company’s stock that it owned to 100%.

After making additional purchases totaling 1,268 shares over the most recent quarter, Veriti Management LLC is now the owner of a total of 12,699 shares in the utility provider. There is currently a value of $171,000 attached to these shares (as of the close of trading today).

Institutional investors and hedge funds hold shares of the company to the extent of 41.26%.
In several different analyst reports, AQN has been discussed at length as a topic of discussion. The “hold” rating that Desjardins previously recommended for Algonquin Power & Utilities has been downgraded to a “sell” rating in a research report released on Friday, January 13.

In a research report made public on January 13 by Credit Suisse Group, the price target for Algonquin Power & Utilities was lowered from $11.00 to $10.50.

Despite this, the stock was given an “outperform” rating.

BMO Capital Markets upgraded Algonquin Power & Utilities from a rating of “market perform” to an enhanced rating of “outperform” in a research note distributed on Friday, January 13. They also increased their target price for the company from C$7.00 to C$7.50. Raymond James lowered their price objective for Algonquin Power & Utilities from $11.50 to $10.00 in a report made public on Friday, January 13.

Despite this change, the company’s rating was changed from “sector perform” to “outperform.” Wells Fargo & Company moved Algonquin Power & Utilities from an “equal weight” rating to an “overweight” rating on January 5, 2019. They also set a price objective of $9.00 for the company.