Alliancebernstein L.P. Raises Stake in Atlantic Power Corporation (NYSE:AT)

Alliancebernstein L.P. raised its position in shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573,410 shares of the utilities provider’s stock after buying an additional 8,400 shares during the period. Alliancebernstein L.P.’s holdings in Atlantic Power Corporation were worth $1,520,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Atlantic Power Corporation during the fourth quarter worth $1,916,000. RMB Capital Management LLC boosted its position in Atlantic Power Corporation by 36.4% in the fourth quarter. RMB Capital Management LLC now owns 750,000 shares of the utilities provider’s stock valued at $1,875,000 after buying an additional 200,000 shares during the period. Neuberger Berman Group LLC boosted its position in Atlantic Power Corporation by 3.3% in the first quarter. Neuberger Berman Group LLC now owns 3,759,682 shares of the utilities provider’s stock valued at $9,963,000 after buying an additional 121,068 shares during the period. Renaissance Technologies LLC boosted its position in Atlantic Power Corporation by 188.1% in the fourth quarter. Renaissance Technologies LLC now owns 136,930 shares of the utilities provider’s stock valued at $343,000 after buying an additional 89,395 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Atlantic Power Corporation by 77.5% in 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 during the last quarter. 46.41% of the stock is owned by institutional investors and hedge funds.

Atlantic Power Corporation (NYSE AT) traded up 2.04% on Friday, reaching $2.50. The company had a trading volume of 316,367 shares. The company’s 50-day moving average price is $2.38 and its 200 day moving average price is $2.45. Atlantic Power Corporation has a 1-year low of $2.13 and a 1-year high of $2.75. The firm’s market capitalization is $288.20 million.

WARNING: “Alliancebernstein L.P. Raises Stake in Atlantic Power Corporation (NYSE:AT)” was originally posted by BNB Daily and is owned by of BNB Daily. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/08/19/alliancebernstein-l-p-has-1-52-million-stake-in-atlantic-power-corporation-nyseat-updated-updated-updated.html.

A number of brokerages recently commented on AT. BidaskClub raised Atlantic Power Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Tuesday, June 6th. ValuEngine lowered Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, TD Securities reiterated a “hold” rating on shares of Atlantic Power Corporation in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.67.

In other Atlantic Power Corporation news, Director Gilbert Samuel Palter acquired 49,900 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $2.39 per share, for a total transaction of $119,261.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James J. Moore, Jr. acquired 35,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were acquired at an average price of $2.38 per share, with a total value of $83,300.00. Following the completion of the purchase, the chief executive officer now owns 385,742 shares of the company’s stock, valued at $918,065.96. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 118,228 shares of company stock valued at $289,781. 1.60% of the stock is owned by insiders.

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)

Receive News & Ratings for Atlantic Power Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Power Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply