Atlantic Power Corporation (AT) Rating Reiterated by TD Securities

TD Securities reiterated their hold rating on shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) in a research note issued to investors on Tuesday, October 17th. TD Securities currently has a $2.50 target price on the utilities provider’s stock.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Atlantic Power Corporation from a buy rating to a hold rating in a research note on Friday, July 7th. ValuEngine downgraded Atlantic Power Corporation from a hold rating to a sell rating in a research note on Saturday, June 24th. BidaskClub downgraded Atlantic Power Corporation from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, National Bank Financial reduced their target price on Atlantic Power Corporation from $2.60 to $2.45 and set a sector perform rating for the company in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Atlantic Power Corporation has an average rating of Hold and a consensus target price of $2.57.

Atlantic Power Corporation (AT) traded down 1.96% during trading on Tuesday, reaching $2.50. 390,613 shares of the company’s stock traded hands. The company has a 50-day moving average of $2.48 and a 200 day moving average of $2.44. Atlantic Power Corporation has a 12 month low of $2.13 and a 12 month high of $2.75. The stock’s market capitalization is $288.20 million.

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In other news, Director Gilbert Samuel Palter purchased 34,700 shares of Atlantic Power Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was acquired at an average cost of $2.38 per share, for a total transaction of $82,586.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders purchased a total of 65,600 shares of company stock valued at $163,730 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Atlantic Power Corporation by 12.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,731,760 shares of the utilities provider’s stock worth $13,757,000 after buying an additional 614,900 shares during the period. Neuberger Berman Group LLC increased its position in shares of Atlantic Power Corporation by 1.5% during the second quarter. Neuberger Berman Group LLC now owns 3,815,596 shares of the utilities provider’s stock valued at $9,157,000 after acquiring an additional 55,914 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Atlantic Power Corporation by 1.5% during the first quarter. Alliancebernstein L.P. now owns 573,410 shares of the utilities provider’s stock valued at $1,520,000 after acquiring an additional 8,400 shares during the last quarter. Mangrove Partners increased its position in shares of Atlantic Power Corporation by 0.7% during the second quarter. Mangrove Partners now owns 8,680,740 shares of the utilities provider’s stock valued at $20,834,000 after acquiring an additional 60,100 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Atlantic Power Corporation by 0.7% during the first quarter. Parametric Portfolio Associates LLC now owns 260,119 shares of the utilities provider’s stock valued at $689,000 after acquiring an additional 1,764 shares during the last quarter. 45.84% of the stock is owned by institutional investors and hedge funds.

About Atlantic Power Corporation

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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