Northern Trust Corp increased its stake in Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,083,205 shares of the utilities provider’s stock after purchasing an additional 78,677 shares during the period. Northern Trust Corp owned 0.94% of Atlantic Power worth $2,599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its stake in Atlantic Power by 87.3% during the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 26,000 shares during the period. KCG Holdings Inc. lifted its stake in Atlantic Power by 44.0% during the 1st quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 17,111 shares during the period. Nationwide Fund Advisors lifted its stake in Atlantic Power by 10.6% during the 2nd quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 6,867 shares during the period. Peak Asset Management LLC lifted its stake in Atlantic Power by 34.8% during the 2nd quarter. Peak Asset Management LLC now owns 77,400 shares of the utilities provider’s stock valued at $186,000 after acquiring an additional 20,000 shares during the period. Finally, American International Group Inc. lifted its stake in Atlantic Power by 6.7% during the 1st quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 4,703 shares during the period. Institutional investors own 47.19% of the company’s stock.

AT has been the subject of several research reports. Zacks Investment Research upgraded shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Tuesday, October 10th. National Bank Financial decreased their price objective on shares of Atlantic Power from $2.60 to $2.45 and set a “sector perform” rating for the company in a research note on Wednesday, August 30th. TD Securities reiterated a “hold” rating and issued a $2.50 target price on shares of Atlantic Power in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded shares of Atlantic Power from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $2.57.

Atlantic Power Corporation (NYSE AT) opened at $2.50 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 30.07. Atlantic Power Corporation has a 12 month low of $2.25 and a 12 month high of $2.75. The stock has a market cap of $288.03, a price-to-earnings ratio of 22.73 and a beta of 1.75.

In other news, Director Gilbert Samuel Palter bought 34,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $2.38 per share, for a total transaction of $82,586.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 108,717 shares of company stock valued at $257,435. Company insiders own 1.60% of the company’s stock.

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Atlantic Power Company Profile

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.

Institutional Ownership by Quarter for Atlantic Power (NYSE:AT)

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