Algonquin Power & Utilities Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:AQN Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
30 Mar 26	SellCA$52,894,364	Starboard Value LP	Company		6,300,000	CA$8.40
13 Mar 26	BuyCA$945,518	Peter Norgeot	Individual		110,000	CA$8.75

Insider Trading Volume

Insider Buying: AQN insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AQN?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	592,947	0.077%
Hedge Funds	138,661,814	18%
General Public	221,434,511	28.8%
Institutions	408,962,519	53.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 53.1% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.6%	EdgePoint Investment Group Inc.	81,472,394	CA$664.0m	-0.31%	2.07%
7.43%	Starboard Value LP	57,189,420	CA$466.1m	-9.92%	7.01%
4.95%	Fidelity International Ltd	38,114,903	CA$310.6m	-22.2%	0.07%
4.55%	The Vanguard Group, Inc.	34,999,609	CA$285.2m	1.58%	no data
2.62%	BMO Asset Management Corp.	20,155,570	CA$164.3m	-2.71%	0.04%
2.55%	Ariel Investments, LLC	19,641,661	CA$160.1m	23.4%	1.16%
1.77%	Principal Global Investors, LLC	13,633,904	CA$111.1m	13%	0.03%
1.73%	British Columbia Investment Management Corporation	13,311,265	CA$108.5m	1.73%	0.42%
1.67%	ClearBridge Investments, LLC	12,836,835	CA$104.6m	0%	0.06%
1.64%	First Sentier Investors (Australia) IM Ltd	12,651,307	CA$103.1m	0%	0.19%
1.42%	Norges Bank Investment Management	10,906,124	CA$88.9m	0%	no data
1.1%	RBC Global Asset Management Inc.	8,475,886	CA$69.1m	88.2%	0.02%
1.03%	The Bank of Nova Scotia	7,931,452	CA$64.6m	-22.8%	0.06%
1%	Neuberger Berman Investment Advisers LLC	7,734,900	CA$63.0m	70.4%	0.03%
1%	Dimensional Fund Advisors LP	7,716,896	CA$62.9m	1.91%	0.01%
0.95%	Arrowstreet Capital, Limited Partnership	7,321,263	CA$59.7m	85.6%	0.02%
0.92%	Morgan Stanley	7,083,816	CA$57.7m	73.3%	no data
0.87%	RBC Dominion Securities Inc.	6,721,119	CA$54.8m	3.73%	0.04%
0.85%	Legal & General Investment Management Limited	6,576,426	CA$53.6m	-5.23%	0.01%
0.83%	Private Management Group Inc	6,361,329	CA$51.8m	-1.1%	1.04%
0.81%	The Goldman Sachs Group, Inc.	6,261,844	CA$51.0m	33.5%	0.01%
0.73%	First Trust Advisors LP	5,620,856	CA$45.8m	-18%	0.02%
0.73%	National Bank Investments Inc.	5,602,897	CA$45.7m	3.31%	0.03%
0.7%	GAMCO Investors, Inc.	5,372,039	CA$43.8m	-1.83%	0.11%
0.65%	MetLife Investment Management, LLC	5,027,195	CA$41.0m	2.59%	0.12%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/22 10:17
End of Day Share Price	2026/05/22 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Algonquin Power & Utilities Corp. is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Harshit Gupta	Accountability Research Corporation
MacMurray Whale	ATB Cormark Historical (Cormark Securities)
Michael Lonegan	Barclays