Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp (AQN) is listed on NYSE and classified in Utilities - Diversified, part of the Utilities sector. It is headquartered in Oakville, Canada and has 3,233 employees. The company is worth $4.2B and trades at 21.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $2.43B in fiscal 2025, up 4.9% from the year before. Net income was $180.8M. The share price is 23.3% below its 52-week high of $7.11. It pays a dividend yielding 4.77%. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Jeff Smith (Starboard Value), at $335.13M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -61.2% over 5Y.
today you would have $472.69▼ -52.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 9 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $6.15 | $4.45 | $6.32 | $6.52 | $14.45 | $16.46 | $14.15 | $10.05 | $11.16 | |
| P/E | 27.2x | 28.0x | — | 210.7x | — | 35.2x | 12.0x | 13.6x | 26.4x | 30.2x |
| P/S | 3.0x | 1.9x | 1.5x | 1.8x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 4.8% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 27.2 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 0.5% a year against a 8.5% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MDUMDU Resources Group Inc | $19.37 | 20.4x | 1.4x | 2.94% | 6.89% | $4.07B |
| MWHSOLV Energy, Inc. | $21.53 | 45.8x | 5.4x | 0.00% | — | $4.36B |
| TACTransalta Corp | $12.51 | — | 6.6x | 1.60% | -1.42% | $3.96B |
| BIPCBrookfield Infrastructure Corp | $37.63 |
| 1.6x |
| 4.3x |
| 5.9x |
| 4.6x |
| 3.0x |
| 3.2x |
| P/B | 1.5x | 1.0x | 0.7x | 0.9x | 0.9x | 1.7x | 1.9x | 1.9x | 1.5x | 1.8x |
| EPS | $0.22 | -$1.90 | $0.03 | -$0.33 | $0.41 | $1.37 | $1.04 | $0.38 | $0.37 |
| Dividend yield | 4.62% | 2.11% | 7.82% | 6.90% | 10.95% | 4.62% | 3.68% | 3.89% | 4.99% | 4.19% |
| Payout | 126.49% | 59.09% | — | 1453.33% | — | 162.93% | 44.23% | 52.98% | 131.84% | 126.49% |
| Profit margin | 9.82% | 7.43% | -59.52% | 1.19% | -7.67% | 11.65% | 46.66% | 32.64% | 11.22% | 9.82% |
| ROE | 4.52% | 3.90% | -29.32% | 0.57% | -4.06% | 4.52% | 15.04% | 13.70% | 5.82% | 5.50% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-27.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| — |
| 4.84% |
| 17.16% |
| $4.63B |
| NWENorthWestern Energy Group, Inc. | $77.13 | 27.8x | 1.6x | 3.47% | 5.93% | $4.74B |
| OGSONE Gas, Inc. | $78.25 | 16.2x | 1.4x | 3.48% | 8.58% | $4.92B |