Atlantic Power Corporation (AT) Stake Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 719,042 shares of the utilities provider’s stock after selling 44,767 shares during the quarter. Bank of New York Mellon Corp owned about 0.62% of Atlantic Power Corporation worth $1,726,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Parametric Portfolio Associates LLC lifted its stake in 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 worth $689,000 after purchasing an additional 1,764 shares during the last quarter. American International Group Inc. lifted its stake in Atlantic Power Corporation by 6.7% during the first quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock worth $198,000 after purchasing an additional 4,703 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Atlantic Power Corporation by 1.5% during the first quarter. Alliancebernstein L.P. now owns 573,410 shares of the utilities provider’s stock worth $1,520,000 after purchasing an additional 8,400 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Atlantic Power Corporation by 13.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 83,950 shares of the utilities provider’s stock worth $222,000 after purchasing an additional 10,041 shares during the last quarter. Finally, Strs Ohio lifted its stake in Atlantic Power Corporation by 5.7% during the second quarter. Strs Ohio now owns 261,000 shares of the utilities provider’s stock worth $626,000 after purchasing an additional 14,100 shares during the last quarter. 45.84% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Atlantic Power Corporation (NYSE AT) opened at 2.55 on Friday. The firm’s market capitalization is $293.96 million. The firm’s 50-day moving average price is $2.48 and its 200-day moving average price is $2.44. Atlantic Power Corporation has a one year low of $2.13 and a one year high of $2.75.

In other Atlantic Power Corporation news, Director Gilbert Samuel Palter purchased 34,700 shares of the stock in a transaction on Wednesday, September 6th. The stock was acquired at an average cost of $2.38 per share, with a total value of $82,586.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 65,600 shares of company stock valued at $163,730 over the last three months. 1.60% of the stock is currently owned by insiders.

AT has been the subject of several recent analyst reports. BidaskClub cut Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut Atlantic Power Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. National Bank Financial dropped their price target 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. Finally, TD Securities reiterated a “hold” rating and issued a $2.50 price target on shares of Atlantic Power Corporation in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $2.57.

Atlantic Power Corporation 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.

Institutional Ownership by Quarter for Atlantic Power Corporation (NYSE:AT)

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