ALGONQUIN POWER & UTILITIES CORP.(AQN)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
AQN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for ALGONQUIN POWER & UTILITIES CORP. (AQN), a Utilities sector company. AQN is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (FY 2025), ALGONQUIN POWER & UTILITIES CORP. reports quarterly revenue of $2.4B, net income of $180.8M, an operating margin of 20.7%. Top institutional holders of AQN by reported 13-F value include EdgePoint Investment Group, Starboard Value, FIL Ltd, based on the most recent SEC filings. AQN trades on the NYSE exchange and files with the SEC under CIK 1174169. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AQN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ALGONQUIN POWER & UTILITIES CORP. directly from SEC EDGAR.
Revenue
FY 2025
$2.4B
Net Income
FY 2025
$180.8M
Free Cash Flow
FY 2025
$-178.3M
Operating Margin
FY 2025
20.7%
ROIC
FY 2025
4.5%
D/E Ratio
FY 2025
1.75
AI Insight: AQN Financial Trends
Total debt fell 46% from Q4 2022 peak of $15.2B to $8.1B in Q4 2025, signaling aggressive deleveraging and balance-sheet repair.
• Total debt declined from $15.2B (Q4 2022) to $8.1B (Q4 2025), a $7.1B reduction over three years.
• Equity contracted from $5.6B (Q2 2022) to $4.6B (Q4 2025), a 17% decline reflecting capital allocation priorities.
• Debt-to-equity ratio improved markedly: 1.51x (Q4 2022) to 1.75x (Q4 2025), though recent quarters show modest deterioration.
⚠ Equity base shrank 7.4% since Q2 2024 ($6.2B to $4.6B); monitor whether deleveraging pace outpaces equity erosion.
⚠ Debt uptick from Q4 2024 ($7.3B) to Q4 2025 ($8.1B) suggests near-term refinancing or growth capex offsetting prior paydown momentum.
AI Insight: AQN Ratio Trends
Leverage has stabilized near 1.75x D/E after volatile swings between 1.51x and 3.21x across 2022–2023.
• D/E peaked at 3.21x in Q4 2023, then contracted sharply to 1.55x by Q4 2024 and has held steady around 1.69–1.75x through Q4 2025.
• Recent quarters (Q2–Q4 2025) show D/E clustering in narrow 1.69–1.75x range, indicating stabilized capital structure post-deleveraging.
⚠ High leverage volatility (1.51x to 3.21x swing over 18 months) suggests refinancing or acquisition-related fluctuations; monitor debt trajectory going forward.
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Available Research
13F Pro tracks comprehensive data for ALGONQUIN POWER & UTILITIES CORP. including:
Top Institutional Holders of AQN
EdgePoint Investment Group Inc.
$499.1M81,472,394 shStarboard Value LP
$351.1M57,189,420 shFIL Ltd
$233.4M38,114,903 shVANGUARD CAPITAL MANAGEMENT LLC
$137.1M22,377,986 shROYAL BANK OF CANADA
$126.2M20,554,242 shBANK OF MONTREAL /CAN/
$123.5M20,155,570 shARIEL INVESTMENTS, LLC
$120.6M19,641,661 shPRINCIPAL FINANCIAL GROUP INC
$83.5M13,633,904 shBRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
$81.5M13,311,265 shClearbridge Investments, LLC
$78.8M12,836,835 sh
| Fund | Value | Shares |
|---|---|---|
| EdgePoint Investment Group Inc. | $499.1M | 81,472,394 |
| Starboard Value LP | $351.1M | 57,189,420 |
| FIL Ltd | $233.4M | 38,114,903 |
| VANGUARD CAPITAL MANAGEMENT LLC | $137.1M | 22,377,986 |
| ROYAL BANK OF CANADA | $126.2M | 20,554,242 |
| BANK OF MONTREAL /CAN/ | $123.5M | 20,155,570 |
| ARIEL INVESTMENTS, LLC | $120.6M | 19,641,661 |
| PRINCIPAL FINANCIAL GROUP INC | $83.5M | 13,633,904 |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | $81.5M | 13,311,265 |
| Clearbridge Investments, LLC | $78.8M | 12,836,835 |
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Popular Research
Is AQN a good stock to buy?
13F Pro's AI-powered analysis of ALGONQUIN POWER & UTILITIES CORP. (AQN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AQN are available on the AQN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own AQN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AQN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ALGONQUIN POWER & UTILITIES CORP.'s investment landscape.