Atlantic Power Corporation (AT) Holdings Decreased by Alliancebernstein L.P.
Alliancebernstein L.P. lessened its holdings in shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 85.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,400 shares of the utilities provider’s stock after selling 488,010 shares during the quarter. Alliancebernstein L.P. owned approximately 0.07% of Atlantic Power Corporation worth $205,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of Atlantic Power Corporation during the 1st quarter worth $128,000. Prudential Financial Inc. increased its holdings in shares of Atlantic Power Corporation by 87.3% during the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock worth $133,000 after buying an additional 26,000 shares during the last quarter. KCG Holdings Inc. increased its holdings in Atlantic Power Corporation by 44.0% in the 1st quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 17,111 shares in the last quarter. American International Group Inc. increased its holdings in Atlantic Power Corporation by 6.7% in the 1st quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 4,703 shares in the last quarter. Finally, Peak Asset Management LLC increased its holdings in Atlantic Power Corporation by 34.8% in the 2nd quarter. Peak Asset Management LLC now owns 77,400 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 20,000 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.
In related news, Director Gilbert Samuel Palter acquired 34,700 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average price of $2.38 per share, for a total transaction of $82,586.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 65,100 shares of company stock worth $156,205 in the last quarter. Company insiders own 1.60% of the company’s stock.
Several analysts have recently weighed in on the company. BidaskClub downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Tuesday, October 10th. TD Securities restated a “hold” rating and set a $2.50 target price on shares of Atlantic Power Corporation in a research note on Tuesday, October 17th. Finally, National Bank Financial lowered their target price on Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating for the company in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $2.57.
Shares of Atlantic Power Corporation (NYSE AT) opened at $2.40 on Tuesday. Atlantic Power Corporation has a 12 month low of $2.25 and a 12 month high of $2.75. The company has a market cap of $276.51, a P/E ratio of 21.82 and a beta of 1.74. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 30.07.
About Atlantic Power Corporation
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation assets in the United States and Canada. The Company’s power generation projects sell electricity to utilities and other commercial customers. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.
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