Atlantic Power Corp. (NYSE:AT) – Equities research analysts at National Bank Financial increased their Q3 2016 earnings per share (EPS) estimates for shares of Atlantic Power Corp. in a research note issued to investors on Wednesday. National Bank Financial analyst R. Merer now anticipates that the brokerage will post earnings per share of ($0.01) for the quarter, up from their prior forecast of ($0.13).
Separately, TD Securities reiterated a “hold” rating and set a $2.75 price objective on shares of Atlantic Power Corp. in a report on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Atlantic Power Corp. presently has a consensus rating of “Hold” and an average price target of $2.67.
Atlantic Power Corp. (NYSE:AT) opened at 2.43 on Monday. The firm’s market cap is $292.83 million. The company has a 50-day moving average of $2.50 and a 200-day moving average of $2.47. Atlantic Power Corp. has a 52 week low of $1.57 and a 52 week high of $2.75.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AT. BlackRock Investment Management LLC raised its position in Atlantic Power Corp. by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 543,454 shares of the company’s stock worth $1,348,000 after buying an additional 72,206 shares during the last quarter. Vanguard Group Inc. raised its position in Atlantic Power Corp. by 1.6% in the second quarter. Vanguard Group Inc. now owns 2,955,336 shares of the company’s stock worth $7,329,000 after buying an additional 47,373 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Atlantic Power Corp. by 63.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,223,169 shares of the company’s stock worth $3,033,000 after buying an additional 473,100 shares during the last quarter. Neuberger Berman Group LLC raised its position in Atlantic Power Corp. by 34.0% in the second quarter. Neuberger Berman Group LLC now owns 4,838,393 shares of the company’s stock worth $12,000,000 after buying an additional 1,227,116 shares during the last quarter. Finally, RMB Capital Management LLC purchased a new position in Atlantic Power Corp. during the second quarter worth $1,240,000. 43.84% of the stock is currently owned by institutional investors.
Atlantic Power Corp. 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 primarily under long-term power purchase agreements (PPAs). Atlantic Power operates through four segments: East U.S., West U.S., Canada and Un-Allocated Corporate.
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