Algonquin Power & Utilities (AQN)
Operates Liberty utility systems while retaining a hydroelectric generation business.
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Operates regulated electricity, gas, water, wastewater, and transmission systems through Liberty, alongside a retained hydroelectric business. After selling its non-regulated renewable-energy business, the company centers its model on regulated utilities.
Operates the Liberty platform of regulated electricity, natural-gas, water, wastewater, and transmission systems, alongside a Hydro Group. Utility systems serve customers across the United States, Canada, Bermuda, and Chile; regulated operations are the core of the current configuration. It operates multiple commodity networks under the Liberty name.
Following the sale of its non-regulated renewable-energy business, the company describes its model as a pure-play regulated utility while retaining hydro assets. Growth combines investment in existing utility systems with strategic acquisitions. Operations depend on the regulatory frameworks governing multiple electricity, gas, water, wastewater, and transmission jurisdictions.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Apr 20, 2026 | CIBC | Reiterate | Rating: —Target: $6.25 | Target: $6.50 |
| Mar 10, 2026 | CIBC | Reiterate | Rating: —Target: $5.50 | Target: $6.25 |
| Mar 9, 2026 | TD Securities | Target | Target: $10 | Target: $6 |
| Mar 9, 2026 | Raymond James | Upgrade | Target: — | Target: $7.25 |
| Jan 7, 2026 | National Bank | Target | Target: $6.75 | Target: $7.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $55.0M · Total debt $6.64B · Total assets $13.92B · Shareholders' equity $4.62B
- Revenue
- $543.9M
- Operating income
- $83.6M
- Net income
- $3.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | 69.01% | 530.23M ADS | |
|---|---|---|---|
| 248 holders · as of Jun 30, 2026 | |||
| Other | 30.99% | 238.12M ADS | |
| remainder | |||
768.35M ADS as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Edgepoint Investment Group Inc.Institution | 11.50% | 88.37M ADS | as of Jun 30, 2026 |
Starboard Value LPInstitution | 7.44% | 57.19M ADS | as of Jun 30, 2026 |
FIL LtdInstitution | 5.12% | 39.33M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.93% | 22.52M ADS | as of Jun 30, 2026 |
Bank of Montreal /Can/Institution | 2.69% | 20.66M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Algonquin Power & Utilities | $5.07 | −2.78% | $4.01B | 28.7 | 13.0 | 1.6 | +3.1% |
| American Water Works | $132.78 | −0.78% | $26.59B | 23.2 | 21.7 | 5.0 | +6.2% |
| Essential Utilities | $40.10 | −0.71% | $11.45B | 20.6 | 17.4 | 4.5 | +3.1% |
| Black Hills | $70.75 | −1.42% | $5.46B | 18.1 | 15.2 | 2.4 | +3.1% |
| California Water Service Group | $46.22 | −2.27% | $2.92B | 21.3 | 17.7 | 2.8 | +16.5% |
| American States Water | $82.92 | −1.74% | $3.31B | 23.1 | 22.3 | 4.7 | +11.2% |
| H2O America | $61.74 | −1.88% | $2.63B | 22.2 | 22.6 | 3.2 | +6.2% |
| Median | 21.7 | 19.7 | 3.8 | +6.2% |