Goldman Sachs Group Inc. increased its holdings in Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 31.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,392 shares of the utilities provider’s stock after acquiring an additional 62,686 shares during the quarter. Goldman Sachs Group Inc. owned about 0.23% of Atlantic Power Corporation worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in Atlantic Power Corporation during the 1st quarter valued at about $128,000. Wells Fargo & Company MN increased its stake in Atlantic Power Corporation by 77.5% during the 1st quarter. Wells Fargo & Company MN now owns 178,086 shares of the utilities provider’s stock valued at $472,000 after purchasing an additional 77,767 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Atlantic Power Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 763,809 shares of the utilities provider’s stock valued at $2,025,000 after purchasing an additional 37,222 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Atlantic Power Corporation by 0.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 260,119 shares of the utilities provider’s stock valued at $689,000 after purchasing an additional 1,764 shares in the last quarter. Finally, American International Group Inc. increased its stake in Atlantic Power Corporation 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 purchasing an additional 4,703 shares in the last quarter. Institutional investors own 46.04% of the company’s stock.

Shares of Atlantic Power Corporation (AT) opened at $2.40 on Friday. The company has a debt-to-equity ratio of 16.88, a quick ratio of 1.20 and a current ratio of 1.33. The stock has a market cap of $270.75, a PE ratio of 21.36 and a beta of 1.74. Atlantic Power Corporation has a 1-year low of $2.25 and a 1-year high of $2.75.

In related news, Director Gilbert Samuel Palter purchased 34,700 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $2.38 per share, with a total value of $82,586.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have bought 65,600 shares of company stock worth $163,730. Insiders own 1.60% of the company’s stock.

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A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Atlantic Power Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. TD Securities restated a “hold” rating and set a $2.50 price objective on shares of Atlantic Power Corporation in a research note on Tuesday, October 17th. Finally, National Bank Financial reduced their price objective on shares of 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 investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $2.57.

Atlantic Power Corporation 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 Corporation (NYSE:AT)

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