Manulife Investment Management has recently announced that it has increased stake in Algonquin Power & Utilities Corp. (NYSE:AQNU) by 3.56%. After grabbing 3.87 million shares, the institutional investor is now in possession of 0.13 million shares of the Utilities Company. The new investment brought the stake of investor firm to 16.84% having worth around $101.46 million. Moreover, 1832 Asset Management LP increased its share by 0.25 million to have a control over 3.11 million shares. And BlackRock Fund Advisors raised its holdings to 1.84 million shares by acquiring 1.84 million shares or 7.99% of the stake.
Algonquin Power & Utilities Corp. (AQNU) concluded trading on 01/12/23 at a closing price of $26.10, with 0.93 million shares of worth about $24.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.27% during that period and on Thursday the price saw a loss of about -2.21%. Currently the company’s common shares owned by public are about 20.00M shares, out of which, 20.00M shares are available for trading.
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iShares Preferred & Income Securi, Virtus InfraCap US Preferred Stoc, and VanEck Vectors – Preferred Securi are the top 3 mutual funds which are holding stakes in Algonquin Power & Utilities Corp. iShares Preferred & Income Securi is currently holding 1.77 million shares of worth totaling $46.36 million. The company recently came buying 0.0 shares which brought its stake up to 7.69% of the company’s outstanding shares. Virtus InfraCap US Preferred Stoc sold 9687.0 shares, after which its hold over company’s outstanding shares shrunk to 1.60%, leaving 0.37 million shares with the mutual fund that have a worth of about $9.63 million. VanEck Vectors – Preferred Securi, after buying 0.36 million shares, have now control over 1.57% of the stake in the company. It holds 332.0 shares of worth $9.44 million.
Algonquin Power & Utilities Corp. (NYSE: AQNU) started trading at $26.28, below -$0.41 from concluding price of the previous day. However, the stock later moved at a day high price of 26.70, or with a loss of -2.21%. Stock saw a price change of 2.92% in past 5 days and over the past one month there was a price change of 3.16%. Year-to-date (YTD), AQNU shares are showing a performance of 9.34% which decreased to -43.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.79 but also hit the highest price of $50.49 during that period. The average intraday trading volume for Algonquin Power & Utilities Corp. shares is 145.09K. The stock is currently trading 6.22% above its 20-day simple moving average (SMA20), while that difference is down -6.54% for SMA50 and it goes to -35.15% lower than SMA200.
Manulife Investment Management acquired 3.87 million shares of Algonquin Power & Utilities Corp. having value of about $101.46 million. Data submitted at the U.S SEC by Manulife Investment Management revealed that the firm now holds 0.13 million shares in the company valued at close to $3476415.6, or have control over 3.56% stake in the company. Algonquin Power & Utilities Corp. (NYSE: AQNU) currently have 20.00M outstanding shares and institutions hold larger chunk of about 84.83% of that. Holding of mutual funds in the company is about 19.79% while other institutional holders and individual stake holders have control over 51.69% and — of the stake respectively.
The stock has a current market capitalization of $4.87B. PE ratio of stock for trailing 12 months is 50.58, while it has posted earnings per share of $0.52 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AQNU, volatility over the week remained 2.79% while standing at 3.43% over the month.
