Atlantic Power Corporation (NYSE:AT) (TSE:ATP) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $2.60.

Several analysts recently commented on AT shares. BidaskClub lowered shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Atlantic Power Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. National Bank Financial reduced their price target on shares of Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating for the company in a research report on Wednesday, August 30th. Finally, ValuEngine downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th.

Shares of Atlantic Power Corporation (NYSE AT) remained flat at $2.55 on Wednesday. The company had a trading volume of 456,539 shares. Atlantic Power Corporation has a 1-year low of $2.13 and a 1-year high of $2.75. The company’s 50 day moving average price is $2.45 and its 200-day moving average price is $2.45. The stock’s market cap is $293.96 million.

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In related news, Director Gilbert Samuel Palter bought 34,700 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was bought at an average price of $2.38 per share, for a total transaction of $82,586.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders purchased 65,600 shares of company stock valued at $163,730. 1.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AT. JPMorgan Chase & Co. increased its stake in shares of Atlantic Power Corporation by 12.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,731,760 shares of the utilities provider’s stock worth $13,757,000 after purchasing an additional 614,900 shares during the last quarter. RMB Capital Management LLC increased its stake in shares of Atlantic Power Corporation by 33.3% during the 1st quarter. RMB Capital Management LLC now owns 1,000,000 shares of the utilities provider’s stock worth $2,650,000 after purchasing an additional 250,000 shares during the last quarter. OxFORD Asset Management LLP increased its stake in shares of Atlantic Power Corporation by 1,258.1% during the 2nd quarter. OxFORD Asset Management LLP now owns 211,838 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 196,240 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Atlantic Power Corporation by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,163,689 shares of the utilities provider’s stock worth $7,593,000 after purchasing an additional 142,274 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Atlantic Power Corporation by 3.3% during the 1st quarter. Neuberger Berman Group LLC now owns 3,759,682 shares of the utilities provider’s stock worth $9,963,000 after purchasing an additional 121,068 shares during the last quarter. Institutional investors own 45.83% of the company’s stock.

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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