Atlantic Power Corp. (AT) Stock Rating Reaffirmed by RBC Capital Markets
Atlantic Power Corp. (NYSE:AT)‘s stock had its “sector perform” rating reissued by analysts at RBC Capital Markets in a research note issued on Tuesday.
Separately, TD Securities reaffirmed a “hold” rating and issued a $2.75 price objective on shares of Atlantic Power Corp. in a research note on Saturday, August 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Atlantic Power Corp. currently has a consensus rating of “Hold” and an average target price of $2.67.
Shares of Atlantic Power Corp. (NYSE:AT) opened at 2.25 on Tuesday. The company’s 50 day moving average is $2.40 and its 200 day moving average is $2.45. Atlantic Power Corp. has a 52-week low of $1.57 and a 52-week high of $2.75. The firm’s market cap is $271.14 million.
Atlantic Power Corp. (NYSE:AT) last announced its quarterly earnings data on Monday, November 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.61. Atlantic Power Corp. had a negative net margin of 49.03% and a negative return on equity of 13.95%. The business earned $101.20 million during the quarter, compared to analysts’ expectations of $107.50 million. During the same period last year, the company posted ($0.05) EPS. Analysts anticipate that Atlantic Power Corp. will post ($0.33) earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. Teachers Advisors Inc. boosted its stake in shares of Atlantic Power Corp. by 5.0% in the second quarter. Teachers Advisors Inc. now owns 195,147 shares of the company’s stock valued at $484,000 after buying an additional 9,264 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Atlantic Power Corp. by 11.8% in the second quarter. O Shaughnessy Asset Management LLC now owns 87,218 shares of the company’s stock valued at $216,000 after buying an additional 9,200 shares during the period. Alliancebernstein L.P. raised its position in shares of Atlantic Power Corp. by 349.4% in the second quarter. Alliancebernstein L.P. now owns 426,280 shares of the company’s stock valued at $1,057,000 after buying an additional 331,420 shares during the period. BlackRock Fund Advisors raised its position in shares of Atlantic Power Corp. by 1.0% in the second quarter. BlackRock Fund Advisors now owns 3,119,584 shares of the company’s stock valued at $7,737,000 after buying an additional 31,793 shares during the period. Finally, BlackRock Investment Management LLC raised its position in shares of Atlantic Power Corp. by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 543,454 shares of the company’s stock valued at $1,348,000 after buying an additional 72,206 shares during the period. 43.82% of the stock is owned by institutional investors and hedge funds.
Atlantic Power Corp. 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 primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate.
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