BidaskClub lowered shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

AT has been the subject of several other reports. ValuEngine downgraded shares of Atlantic Power Corporation from a hold rating to a sell rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Atlantic Power Corporation from a hold rating to a buy rating and set a $2.75 price target for the company in a research note on Tuesday, June 6th. Finally, TD Securities reaffirmed a hold rating on shares of Atlantic Power Corporation in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $2.67.

Atlantic Power Corporation (NYSE AT) opened at 2.30 on Friday. The firm’s market capitalization is $265.03 million. The company has a 50-day moving average of $2.40 and a 200-day moving average of $2.45. Atlantic Power Corporation has a 52 week low of $2.12 and a 52 week high of $2.75.

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In other Atlantic Power Corporation news, CEO James J. Moore, Jr. bought 15,489 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was bought at an average cost of $2.40 per share, with a total value of $37,173.60. Following the completion of the transaction, the chief executive officer now directly owns 365,742 shares in the company, valued at approximately $877,780.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gilbert Samuel Palter bought 49,900 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of $2.39 per share, with a total value of $119,261.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 133,117 shares of company stock valued at $317,925. 1.60% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Atlantic Power Corporation during the first quarter valued at approximately $128,000. Two Sigma Securities LLC acquired a new stake in Atlantic Power Corporation during the first quarter valued at approximately $130,000. KCG Holdings Inc. increased its stake in Atlantic Power Corporation by 44.0% in the first quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock valued at $148,000 after buying an additional 17,111 shares during the last quarter. American International Group Inc. increased its stake in Atlantic Power Corporation by 6.7% in the first quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock valued at $198,000 after buying an additional 4,703 shares during the last quarter. Finally, Peak Asset Management LLC increased its stake in Atlantic Power Corporation by 34.8% in the second quarter. Peak Asset Management LLC now owns 77,400 shares of the utilities provider’s stock valued at $186,000 after buying an additional 20,000 shares during the last quarter. 46.33% of the stock is owned by institutional investors.

Atlantic Power Corporation Company Profile

Alltel Corporation provides telecommunication services such as wire line local, long-distance, network access and internet services, wireless communications and wide-area paging services. The Company also wholesales telecommunications equipment and publishes telephone directories.

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