Atlantic Power Corporation (NYSE:AT) (TSE:ATP) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

AT has been the topic of a number of other research reports. Zacks Investment Research lowered Atlantic Power Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. TD Securities restated a “hold” rating on shares of Atlantic Power Corporation in a report on Tuesday, May 9th. Finally, ValuEngine lowered Atlantic Power Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $2.67.

Shares of Atlantic Power Corporation (NYSE:AT) opened at 2.40 on Friday. Atlantic Power Corporation has a 52 week low of $2.13 and a 52 week high of $2.75. The stock’s 50 day moving average price is $2.37 and its 200-day moving average price is $2.44. The company’s market cap is $276.67 million.

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In other Atlantic Power Corporation news, CEO James J. Moore, Jr. purchased 15,489 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $2.40 per share, for a total transaction of $37,173.60. Following the completion of the acquisition, the chief executive officer now owns 365,742 shares of the company’s stock, valued at approximately $877,780.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gilbert Samuel Palter purchased 49,900 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $2.39 per share, for a total transaction of $119,261.00. The disclosure for this purchase can be found here. Insiders have purchased 133,117 shares of company stock worth $317,925 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC raised its stake in shares of Atlantic Power Corporation by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 170,300 shares of the utilities provider’s stock worth $452,000 after buying an additional 1,700 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Atlantic Power Corporation by 0.7% in the first quarter. Parametric Portfolio Associates LLC now owns 260,119 shares of the utilities provider’s stock worth $689,000 after buying an additional 1,764 shares during the period. American International Group Inc. raised its stake in shares of Atlantic Power Corporation by 6.7% in the first quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock worth $198,000 after buying an additional 4,703 shares during the period. Nationwide Fund Advisors raised its stake in shares of Atlantic Power Corporation by 10.6% in the second quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock worth $173,000 after buying an additional 6,867 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Atlantic Power Corporation by 1.5% in the first quarter. Alliancebernstein L.P. now owns 573,410 shares of the utilities provider’s stock worth $1,520,000 after buying an additional 8,400 shares during the period. Institutional investors and hedge funds own 46.37% of the company’s stock.

Atlantic Power Corporation Company Profile

Alltel Corporation provides telecommunication services such as wire line local, long-distance, network access and internet services, wireless communications and wide-area paging services. The Company also wholesales telecommunications equipment and publishes telephone directories.

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