Atlantic Power Corporation (NYSE:AT) (TSE:ATP) – National Bank Financial lowered their Q4 2017 earnings per share (EPS) estimates for Atlantic Power Corporation in a research note issued on Tuesday. National Bank Financial analyst R. Merer now anticipates that the utilities provider will earn $0.04 per share for the quarter, down from their prior forecast of $0.05. National Bank Financial has a “Sector Perform” rating and a $2.45 price objective on the stock.

A number of other research analysts also recently issued reports on the stock. TD Securities restated a “hold” rating on shares of Atlantic Power Corporation in a research report on Tuesday, May 9th. 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. ValuEngine downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, BidaskClub downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Atlantic Power Corporation has a consensus rating of “Hold” and an average price target of $2.65.

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Atlantic Power Corporation (AT) opened at 2.45 on Thursday. Atlantic Power Corporation has a 52-week low of $2.12 and a 52-week high of $2.75. The stock has a 50 day moving average of $2.39 and a 200 day moving average of $2.45. The stock’s market capitalization is $282.44 million.

Several hedge funds have recently made changes to their positions in AT. Tower Research Capital LLC TRC increased its stake in shares of Atlantic Power Corporation by 87.9% in the second quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock worth $126,000 after buying an additional 24,655 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Atlantic Power Corporation by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 110,425 shares of the utilities provider’s stock worth $260,000 after buying an additional 6,201 shares in the last quarter. State Street Corp increased its stake in shares of Atlantic Power Corporation by 1.6% in the second quarter. State Street Corp now owns 2,143,668 shares of the utilities provider’s stock worth $5,147,000 after buying an additional 33,047 shares in the last quarter. Mangrove Partners increased its stake in shares of Atlantic Power Corporation by 0.7% in the second quarter. Mangrove Partners now owns 8,680,740 shares of the utilities provider’s stock worth $20,834,000 after buying an additional 60,100 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Atlantic Power Corporation by 31.9% in the second quarter. Goldman Sachs Group Inc. now owns 259,392 shares of the utilities provider’s stock worth $622,000 after buying an additional 62,686 shares in the last quarter. Institutional investors and hedge funds own 45.87% of the company’s stock.

Atlantic Power Corporation 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.

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