Altus Power, Inc. (NYSE:AMPS) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in Altus Power, Inc. (NYSE:AMPS) by 41,406.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,564 shares of the company’s stock after acquiring an additional 26,500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Altus Power were worth $181,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in Altus Power in the fourth quarter worth about $3,671,000. ANTIPODES PARTNERS Ltd lifted its holdings in shares of Altus Power by 18.0% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 30,082 shares of the company’s stock worth $205,000 after purchasing an additional 4,579 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Altus Power by 32.3% during the fourth quarter. SG Americas Securities LLC now owns 35,309 shares of the company’s stock worth $241,000 after purchasing an additional 8,617 shares during the period. Bouvel Investment Partners LLC lifted its holdings in shares of Altus Power by 1.5% during the fourth quarter. Bouvel Investment Partners LLC now owns 297,378 shares of the company’s stock worth $2,031,000 after purchasing an additional 4,495 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Altus Power by 12.8% during the third quarter. Vanguard Group Inc. now owns 3,871,155 shares of the company’s stock worth $20,324,000 after purchasing an additional 438,845 shares during the period. Institutional investors and hedge funds own 46.55% of the company’s stock.

Altus Power Stock Down 2.3 %

Altus Power stock opened at $3.77 on Friday. The stock has a market capitalization of $599.73 million, a PE ratio of -53.85 and a beta of 0.88. Altus Power, Inc. has a 12 month low of $3.66 and a 12 month high of $7.28. The business has a 50 day simple moving average of $5.55 and a 200-day simple moving average of $5.56. The company has a debt-to-equity ratio of 2.33, a current ratio of 2.15 and a quick ratio of 2.15.

Altus Power (NYSE:AMPS) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $34.19 million during the quarter, compared to analysts’ expectations of $42.85 million. Altus Power had a negative net margin of 6.03% and a negative return on equity of 0.30%. On average, analysts anticipate that Altus Power, Inc. will post -0.1 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lars Norell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $5.58, for a total value of $223,200.00. Following the completion of the sale, the chief executive officer now directly owns 21,654,907 shares in the company, valued at $120,834,381.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Gregg J. Felton purchased 12,500 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost of $4.78 per share, for a total transaction of $59,750.00. Following the completion of the transaction, the chief executive officer now owns 11,894,603 shares of the company’s stock, valued at $56,856,202.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lars Norell sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $5.58, for a total value of $223,200.00. Following the sale, the chief executive officer now owns 21,654,907 shares of the company’s stock, valued at $120,834,381.06. The disclosure for this sale can be found here. Insiders sold 83,673 shares of company stock worth $530,948 over the last three months. 31.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMPS has been the subject of a number of research reports. Roth Mkm decreased their target price on Altus Power from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 15th. Morgan Stanley reiterated an “overweight” rating and set a $9.00 price target on shares of Altus Power in a research report on Thursday, April 11th. B. Riley lifted their price target on Altus Power from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Maxim Group assumed coverage on Altus Power in a research report on Wednesday, April 10th. They set a “buy” rating and a $7.00 price target for the company. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Altus Power has a consensus rating of “Buy” and an average target price of $8.63.

Altus Power Company Profile

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.