Atlantic Power Corporation (NYSE:AT) (TSE:ATP) – Equities research analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for Atlantic Power Corporation in a note issued to investors on Tuesday. National Bank Financial analyst R. Merer now anticipates that the utilities provider will post earnings of ($0.27) per share for the year, down from their previous forecast of $0.25. National Bank Financial also issued estimates for Atlantic Power Corporation’s FY2018 earnings at ($0.25) EPS.

A number of other brokerages also recently commented on AT. TD Securities reiterated a “hold” rating on shares of Atlantic Power Corporation in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Atlantic Power Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. BidaskClub upgraded shares of Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Finally, ValuEngine downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note 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 stock currently has a consensus rating of “Hold” and an average price target of $2.67.

TRADEMARK VIOLATION NOTICE: “Atlantic Power Corporation to Post FY2017 Earnings of ($0.27) Per Share, National Bank Financial Forecasts (AT)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/13/atlantic-power-corporation-to-post-fy2017-earnings-of-0-27-per-share-national-bank-financial-forecasts-at.html.

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

In related news, Director Gilbert Samuel Palter acquired 49,900 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average price of $2.39 per share, for a total transaction of $119,261.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James J. Moore, Jr. acquired 15,489 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was bought at an average price of $2.40 per share, with a total value of $37,173.60. Following the purchase, the chief executive officer now directly owns 365,742 shares of the company’s stock, valued at $877,780.80. The disclosure for this purchase can be found here. Insiders acquired 133,117 shares of company stock valued at $317,925 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Atlantic Power Corporation by 188.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,930 shares of the utilities provider’s stock valued at $343,000 after buying an additional 89,395 shares in the last quarter. Norges Bank acquired a new stake in shares of Atlantic Power Corporation during the fourth quarter worth approximately $1,916,000. Russell Investments Group Ltd. acquired a new stake in shares of Atlantic Power Corporation during the first quarter worth approximately $128,000. Wells Fargo & Company MN boosted its stake in shares of Atlantic Power Corporation by 77.5% in the first quarter. Wells Fargo & Company MN now owns 178,086 shares of the utilities provider’s stock worth $472,000 after buying an additional 77,767 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Atlantic Power Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 763,809 shares of the utilities provider’s stock worth $2,025,000 after buying an additional 37,222 shares during the last quarter. Institutional investors own 46.37% of the company’s stock.

About Atlantic Power Corporation

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.

Receive News & Stock Ratings for Atlantic Power Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Power Corporation and related stocks with our FREE daily email newsletter.