Atlantic Power Corporation (NYSE:AT) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) from a sell rating to a hold rating in a report issued on Friday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Atlantic Power Corporation from a buy rating to a hold rating in a report on Friday, July 7th. TD Securities reaffirmed a hold rating on shares of Atlantic Power Corporation in a report on Tuesday, May 9th. Finally, ValuEngine downgraded shares of Atlantic Power Corporation from a hold rating to a sell rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $2.67.

Shares of Atlantic Power Corporation (NYSE AT) remained flat at $2.40 during mid-day trading on Friday. The company’s stock had a trading volume of 349,923 shares. The stock’s 50 day moving average is $2.37 and its 200-day moving average is $2.44. Atlantic Power Corporation has a one year low of $2.13 and a one year high of $2.75. The company’s market capitalization is $276.67 million.

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In related news, CEO James J. Moore, Jr. acquired 35,000 shares of Atlantic Power Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was acquired at an average price of $2.38 per share, with a total value of $83,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 385,742 shares of the company’s stock, valued at approximately $918,065.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gilbert Samuel Palter acquired 49,900 shares of Atlantic Power Corporation stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average cost of $2.39 per share, with a total value of $119,261.00. The disclosure for this purchase can be found here. Insiders purchased 133,117 shares of company stock valued at $317,925 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. ClariVest Asset Management LLC increased its stake in 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 valued at $452,000 after buying an additional 1,700 shares during the last quarter. Parametric Portfolio Associates LLC increased 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 last quarter. American International Group Inc. increased 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 last quarter. Nationwide Fund Advisors increased 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 last quarter. Finally, Alliancebernstein L.P. increased 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 last quarter. 46.37% of the stock is owned by institutional investors and hedge funds.

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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