Atlantic Power (AT) Given a $2.50 Price Target at National Bank Financial

National Bank Financial set a $2.50 target price on Atlantic Power (NYSE:AT) (TSE:ATP) in a research note published on Tuesday, January 30th. The firm currently has a sector perform rating on the utilities provider’s stock.

AT has been the subject of a number of other research reports. Zacks Investment Research upgraded Atlantic Power from a hold rating to a buy rating and set a $2.75 target price for the company in a research note on Wednesday, November 15th. TD Securities restated a hold rating and issued a $2.50 target price on shares of Atlantic Power in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of Hold and a consensus target price of $2.58.

Shares of Atlantic Power (NYSE:AT) opened at $1.95 on Tuesday. Atlantic Power has a twelve month low of $1.80 and a twelve month high of $2.70. The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 30.07. The company has a market capitalization of $224.66, a price-to-earnings ratio of -3.55 and a beta of 1.54.

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Atlantic Power by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,813,864 shares of the utilities provider’s stock worth $17,034,000 after purchasing an additional 1,082,104 shares during the period. Bank of New York Mellon Corp grew its position in shares of Atlantic Power by 11.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 801,038 shares of the utilities provider’s stock valued at $1,963,000 after acquiring an additional 81,996 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Atlantic Power by 5.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 862,341 shares of the utilities provider’s stock valued at $2,070,000 after acquiring an additional 43,982 shares during the period. Mangrove Partners grew its position in shares of Atlantic Power by 30.5% during the 3rd quarter. Mangrove Partners now owns 11,324,092 shares of the utilities provider’s stock valued at $27,744,000 after acquiring an additional 2,643,352 shares during the period. Finally, Western Standard LLC acquired a new stake in shares of Atlantic Power during the 3rd quarter valued at about $614,000. 47.71% of the stock is currently owned by institutional investors.

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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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