Atlantic Power Corp. (NYSE:AT) (TSE:ATP) Director Gilbert Samuel Palter purchased 50,000 shares of the stock in a transaction on Friday, November 18th. The shares were purchased at an average cost of $2.59 per share, for a total transaction of $129,500.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Atlantic Power Corp. (NYSE:AT) opened at 2.70 on Wednesday. The company has a 50-day moving average of $2.40 and a 200 day moving average of $2.45. The company’s market cap is $312.21 million. Atlantic Power Corp. has a 12 month low of $1.57 and a 12 month high of $2.75.

Atlantic Power Corp. (NYSE:AT) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.69) EPS for the quarter, missing the 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 16.44%. 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 earned ($0.05) earnings per share. On average, analysts anticipate that Atlantic Power Corp. will post ($0.59) earnings per share for the current year.

Insider Buying and Selling by Quarter for Atlantic Power Corp. (NYSE:AT)

A number of hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its stake in shares of Atlantic Power Corp. by 1.0% in the third quarter. Rhumbline Advisers now owns 143,036 shares of the company’s stock worth $353,000 after buying an additional 1,400 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Atlantic Power Corp. by 1.5% in the third quarter. ClariVest Asset Management LLC now owns 127,900 shares of the company’s stock worth $316,000 after buying an additional 1,900 shares during the period. Northern Trust Corp increased its stake in shares of Atlantic Power Corp. by 0.3% in the third quarter. Northern Trust Corp now owns 1,038,952 shares of the company’s stock worth $2,567,000 after buying an additional 3,017 shares during the period. California State Teachers Retirement System increased its stake in shares of Atlantic Power Corp. by 1.7% in the third quarter. California State Teachers Retirement System now owns 258,101 shares of the company’s stock worth $638,000 after buying an additional 4,300 shares during the period. Finally, Peak Asset Management LLC increased its stake in shares of Atlantic Power Corp. by 13.9% in the second quarter. Peak Asset Management LLC now owns 65,400 shares of the company’s stock worth $162,000 after buying an additional 8,000 shares during the period. 46.00% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on AT. TD Securities reiterated a “hold” rating and set a $2.75 price objective on shares of Atlantic Power Corp. in a research report on Saturday, August 13th. National Bank Financial upgraded shares of Atlantic Power Corp. from an “underperform market weight” rating to a “sector perform market weight” rating in a research report on Tuesday, November 8th. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Atlantic Power Corp. in a research report on Tuesday, November 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $2.67.

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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.

5 Day Chart for NYSE:AT

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