Nationwide Fund Advisors raised its position in Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 138.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 171,096 shares of the utilities provider’s stock after buying an additional 99,216 shares during the period. Nationwide Fund Advisors owned about 0.15% of Atlantic Power worth $419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AT. Vanguard Group Inc. grew its position in shares of Atlantic Power by 2.3% in the first quarter. Vanguard Group Inc. now owns 3,021,415 shares of the utilities provider’s stock valued at $8,007,000 after purchasing an additional 67,608 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Atlantic Power by 5.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 862,341 shares of the utilities provider’s stock valued at $2,070,000 after purchasing an additional 43,982 shares during the period. Prudential Financial Inc. grew its position in shares of Atlantic Power by 87.3% in the second quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 26,000 shares during the period. Neuberger Berman Group LLC grew its position in shares of Atlantic Power by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 3,815,596 shares of the utilities provider’s stock valued at $9,157,000 after purchasing an additional 55,914 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Atlantic Power by 12.0% in the second quarter. JPMorgan Chase & Co. now owns 5,731,760 shares of the utilities provider’s stock valued at $13,757,000 after purchasing an additional 614,900 shares during the period. 47.68% of the stock is owned by institutional investors.

Atlantic Power Corp (NYSE AT) opened at $2.40 on Wednesday. The firm has a market cap of $270.75, a PE ratio of -4.29 and a beta of 1.73. Atlantic Power Corp has a 52-week low of $2.25 and a 52-week high of $2.70. The company has a debt-to-equity ratio of 30.07, a quick ratio of 0.97 and a current ratio of 1.07.

AT has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, October 10th. TD Securities reiterated a “hold” rating and issued a $2.50 target price on shares of Atlantic Power in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.57.

In other Atlantic Power news, Director Gilbert Samuel Palter purchased 35,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $2.35 per share, for a total transaction of $82,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

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About Atlantic Power

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

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