Great West Life Assurance Co. Can boosted its holdings in shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 2,277.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,510 shares of the utilities provider’s stock after acquiring an additional 105,861 shares during the quarter. Great West Life Assurance Co. Can owned 0.10% of Atlantic Power worth $270,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. bought a new stake in shares of Atlantic Power in the 3rd quarter valued at $180,000. Bank of New York Mellon Corp boosted its stake in shares of Atlantic Power by 11.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 801,038 shares of the utilities provider’s stock valued at $1,963,000 after purchasing an additional 81,996 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Atlantic Power in the 3rd quarter valued at $346,000. Nationwide Fund Advisors boosted its stake in shares of Atlantic Power by 138.0% in the 3rd quarter. Nationwide Fund Advisors now owns 171,096 shares of the utilities provider’s stock valued at $419,000 after purchasing an additional 99,216 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Atlantic Power by 87.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 24,655 shares during the last quarter. 47.68% of the stock is currently owned by hedge funds and other institutional investors.
Atlantic Power Corp (NYSE:AT) opened at $2.35 on Tuesday. The company has a debt-to-equity ratio of 30.07, a quick ratio of 0.97 and a current ratio of 1.07. Atlantic Power Corp has a 1 year low of $2.25 and a 1 year high of $2.70. The stock has a market cap of $270.75, a price-to-earnings ratio of -4.27 and a beta of 1.73.
A number of research analysts recently issued reports on AT shares. 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 set a $2.50 target price on shares of Atlantic Power in a research report on Tuesday, October 17th. Finally, National Bank Financial dropped their target price on shares of Atlantic Power from $2.60 to $2.45 and set a “sector perform” rating on the stock in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Atlantic Power has a consensus rating of “Hold” and a consensus price target of $2.57.
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Atlantic Power 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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