According to the Algonquin Power & Utilities Corp. Stock, it began from Can$18.82 in a two day they dropped to Can$18.62. From Wednesday, the share price remained constant at around Can$18.81; from July 15 to July 16, it has rapidly soared to Can$19.38 from Can$18.93 from that day, the stock gradually collapsing by almost 2%. Algonquin Power & Utilities Corp. Large groups of shareholders have power over the company. State-owned companies tend to have a smaller share of insider ownership. And insiders often own a large number of young, small companies, while large companies, as a rule, have institutions as shareholders. Algonquin Power & Utilities, with a market capitalization of about $ 12 billion, is quite large. Companies of this size are usually well known to retail investors as well.
Hedge funds do not own Algonquin Power & Utilities. BMO Global Asset Management is currently the largest shareholder with 6.6% of the shares outstanding. Meanwhile, the second and third most significant shareholders own 3.2% and 2.9% of the outstanding shares. Algonquin Power Insiders & Utilities Corp. Together, they own shares worth about $ 6.9 million.