Q4 2017 Earnings Forecast for Atlantic Power Corporation (AT) Issued By National Bank Financial
Atlantic Power Corporation (NYSE:AT) (TSE:ATP) – Stock analysts at National Bank Financial cut their Q4 2017 earnings per share estimates for Atlantic Power Corporation in a research report issued to clients and investors on Tuesday. National Bank Financial analyst R. Merer now anticipates that the utilities provider will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. National Bank Financial has a “Sector Perform” rating and a $2.45 price target on the stock.
Several other equities research analysts also recently weighed in on AT. TD Securities reaffirmed a “hold” rating on shares of Atlantic Power Corporation in a research report on Tuesday, May 9th. Zacks Investment Research raised Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Tuesday, June 6th. ValuEngine downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, BidaskClub downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.65.
Shares of Atlantic Power Corporation (NYSE AT) traded up 4.35% on Thursday, hitting $2.40. The stock had a trading volume of 89,796 shares. The stock’s market cap is $276.67 million. Atlantic Power Corporation has a 12 month low of $2.12 and a 12 month high of $2.75. The stock has a 50 day moving average of $2.38 and a 200-day moving average of $2.45.
Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake 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 worth $343,000 after buying an additional 89,395 shares during the period. Norges Bank acquired a new stake in Atlantic Power Corporation during the fourth quarter worth approximately $1,916,000. Russell Investments Group Ltd. acquired a new stake in Atlantic Power Corporation during the first quarter worth approximately $128,000. Wells Fargo & Company MN boosted its stake in 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 period. Finally, Bank of New York Mellon Corp boosted its stake in 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 period. 45.87% of the stock is currently owned by institutional investors.
Atlantic Power Corporation 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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