SG Americas Securities LLC bought a new position in shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,004 shares of the utilities provider’s stock, valued at approximately $86,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of Atlantic Power by 64.1% in the 4th quarter. LPL Financial LLC now owns 16,890 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 6,596 shares during the period. Wiley BROS. Aintree Capital LLC raised its stake in shares of Atlantic Power by 94.7% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 19,533 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 9,500 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Atlantic Power by 116.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 23,444 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 12,619 shares during the period. Highstreet Asset Management Inc. purchased a new position in shares of Atlantic Power in the 4th quarter valued at $61,000. Finally, First Quadrant L P CA purchased a new position in shares of Atlantic Power in the 1st quarter valued at $61,000. Hedge funds and other institutional investors own 60.40% of the company’s stock.
A number of brokerages have recently commented on AT. Zacks Investment Research raised shares of Atlantic Power from a “hold” rating to a “strong-buy” rating and set a $2.75 target price on the stock in a research note on Tuesday, May 21st. National Bank Financial raised shares of Atlantic Power from an “underperform” rating to a “sector perform” rating in a research note on Friday, May 3rd. ValuEngine downgraded shares of Atlantic Power from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, TD Securities lifted their price target on shares of Atlantic Power from $2.75 to $3.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $2.88.
Atlantic Power (NYSE:AT) (TSE:ATP) last released its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Atlantic Power had a net margin of 9.23% and a negative return on equity of 189.57%. The firm had revenue of $73.00 million for the quarter. On average, equities analysts expect that Atlantic Power Corp will post 0.24 EPS for the current fiscal year.
In other news, Director Kevin Howell purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average price of $2.29 per share, with a total value of $114,500.00. Following the purchase, the director now directly owns 160,300 shares of the company’s stock, valued at approximately $367,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gilbert Samuel Palter acquired 3,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $13.39 per share, with a total value of $46,865.00. Following the completion of the acquisition, the director now owns 18,500 shares in the company, valued at $247,715. The disclosure for this purchase can be found here. Insiders have purchased a total of 98,500 shares of company stock worth $265,015 in the last ninety days. 2.24% of the stock is currently owned by insiders.
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Atlantic Power Company Profile
Atlantic Power Corp. is a power producer company, which engages in owning power generation assets. The firm operates through its segments: East U.S., West U.S., Canada and Un-Allocated Corporate. It projects sell electricity and steam to investment-grade utilities and creditworthy large customers under long term Power Purchase Agreements.
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