Tower Research Capital LLC TRC boosted its position in shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 87.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,701 shares of the utilities provider’s stock after buying an additional 24,655 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Atlantic Power Corporation were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AT. Russell Investments Group Ltd. bought a new position in Atlantic Power Corporation during the first quarter valued at about $128,000. Wells Fargo & Company MN boosted its stake in Atlantic Power Corporation by 77.5% during the first quarter. Wells Fargo & Company MN now owns 178,086 shares of the utilities provider’s stock valued at $472,000 after buying an additional 77,767 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Atlantic Power Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 763,809 shares of the utilities provider’s stock valued at $2,025,000 after buying an additional 37,222 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Atlantic Power Corporation by 0.7% during the first quarter. Parametric Portfolio Associates LLC now owns 260,119 shares of the utilities provider’s stock valued at $689,000 after buying an additional 1,764 shares in the last quarter. Finally, American International Group Inc. boosted its stake in Atlantic Power Corporation by 6.7% during the first quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock valued at $198,000 after buying an additional 4,703 shares in the last quarter. 45.83% of the stock is owned by institutional investors and hedge funds.

In other news, Director Gilbert Samuel Palter bought 34,700 shares of the stock in a transaction dated Wednesday, September 6th. The stock was bought at an average cost of $2.38 per share, with a total value of $82,586.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 65,600 shares of company stock valued at $163,730 over the last three months. Insiders own 1.60% of the company’s stock.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Tuesday. National Bank Financial decreased their target price on Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating for the company in a research note on Wednesday, August 30th. BidaskClub raised Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, ValuEngine cut 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, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $2.65.

Shares of Atlantic Power Corporation (NYSE:AT) traded down 0.980% on Friday, reaching $2.525. The company had a trading volume of 245,154 shares. The company has a 50-day moving average price of $2.44 and a 200-day moving average price of $2.45. The firm’s market cap is $291.08 million. Atlantic Power Corporation has a one year low of $2.13 and a one year high of $2.75.

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About Atlantic Power Corporation

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.

Institutional Ownership by Quarter for Atlantic Power Corporation (NYSE:AT)

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