Bank of New York Mellon Corp increased its stake in Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 11.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 801,038 shares of the utilities provider’s stock after buying an additional 81,996 shares during the quarter. Bank of New York Mellon Corp’s holdings in Atlantic Power were worth $1,963,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AT. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 24,655 shares in the last quarter. Prudential Financial Inc. lifted its position in Atlantic Power by 87.3% in the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 26,000 shares in the last quarter. Nationwide Fund Advisors lifted its position in Atlantic Power by 10.6% in the 2nd quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock valued at $173,000 after acquiring an additional 6,867 shares in the last quarter. Voya Investment Management LLC lifted its position in Atlantic Power by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 75,284 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 9,647 shares in the last quarter. Finally, AJO LP bought a new position in Atlantic Power in the 2nd quarter valued at approximately $216,000. Institutional investors own 47.68% of the company’s stock.
In related news, Director Gilbert Samuel Palter bought 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $2.35 per share, with a total value of $82,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by company insiders.
Atlantic Power Corp (AT) opened at $2.30 on Tuesday. The firm has a market capitalization of $264.99, a price-to-earnings ratio of -4.18 and a beta of 1.73. 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 twelve month low of $2.25 and a twelve month high of $2.70.
Several research firms have recently weighed in on AT. Zacks Investment Research raised Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Tuesday, October 10th. TD Securities reissued a “hold” rating and set a $2.50 price target on shares of Atlantic Power in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $2.57.
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Atlantic Power 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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