Altus Power, Inc. (NYSE:AMPS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its stake in Altus Power, Inc. (NYSE:AMPS) by 47.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 794,546 shares of the company’s stock after selling 714,696 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Altus Power were worth $3,289,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Magnus Financial Group LLC acquired a new position in shares of Altus Power in the 4th quarter valued at $333,000. Barclays PLC boosted its holdings in shares of Altus Power by 312.8% in the 3rd quarter. Barclays PLC now owns 115,987 shares of the company’s stock valued at $369,000 after buying an additional 87,886 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Altus Power in the 4th quarter valued at $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Altus Power by 798.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock valued at $234,000 after buying an additional 65,327 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Altus Power in the 3rd quarter valued at $425,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Altus Power Stock Up 0.3 %

Shares of Altus Power stock opened at $4.95 on Monday. The company has a market cap of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. Altus Power, Inc. has a one year low of $2.71 and a one year high of $5.50. The firm has a fifty day moving average of $4.45 and a two-hundred day moving average of $3.89.

Insiders Place Their Bets

In other news, insider Anthony Savino sold 8,823 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $43,320.93. Following the completion of the transaction, the insider now owns 4,088,231 shares in the company, valued at $20,073,214.21. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregg J. Felton sold 71,161 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $349,400.51. Following the completion of the transaction, the chief executive officer now owns 4,023,696 shares of the company’s stock, valued at $19,756,347.36. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,146 shares of company stock worth $437,707. 24.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group cut shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Monday, February 10th. B. Riley cut shares of Altus Power from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Altus Power has a consensus rating of “Hold” and a consensus target price of $5.06.

Altus Power Company Profile

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.