Great West Life Assurance Co. Can boosted its position in shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 2,277.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 110,510 shares of the utilities provider’s stock after buying an additional 105,861 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.10% of Atlantic Power worth $270,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of AT. Tower Research Capital LLC TRC raised its holdings in Atlantic Power by 87.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 24,655 shares in the last quarter. Prudential Financial Inc. raised its holdings in Atlantic Power by 87.3% in the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 26,000 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Atlantic Power by 10.6% in the 2nd quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock worth $173,000 after purchasing an additional 6,867 shares in the last quarter. Macquarie Group Ltd. bought a new position in Atlantic Power in the 3rd quarter worth $180,000. Finally, Voya Investment Management LLC raised its holdings in Atlantic Power by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 75,284 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 9,647 shares in the last quarter. Institutional investors own 47.68% of the company’s stock.
In other news, Director Gilbert Samuel Palter acquired 35,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were bought at an average cost of $2.35 per share, with a total value of $82,250.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
AT has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, October 10th. TD Securities reaffirmed a “hold” rating and issued a $2.50 target price on shares of Atlantic Power in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Atlantic Power currently has a consensus rating of “Hold” and an average target price of $2.57.
Atlantic Power Corp (NYSE AT) traded up $0.10 during trading hours on Wednesday, hitting $2.45. 290,360 shares of the stock were exchanged, compared to its average volume of 863,100. The stock has a market cap of $270.75, a P/E ratio of -4.45 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 30.07. Atlantic Power Corp has a 12-month low of $2.20 and a 12-month high of $2.70.
Atlantic Power (NYSE:AT) (TSE:ATP) last announced its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. Atlantic Power had a negative net margin of 14.09% and a positive return on equity of 34.66%. analysts expect that Atlantic Power Corp will post -0.22 EPS for the current fiscal year.
Atlantic Power 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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