Q3 2016 EPS Estimates for Atlantic Power Corp. (AT) Raised by Analyst
Atlantic Power Corp. (NYSE:AT) – Equities research analysts at National Bank Financial raised their Q3 2016 EPS estimates for shares of Atlantic Power Corp. in a report released on Wednesday. National Bank Financial analyst R. Merer now expects 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 restated a “hold” rating and set a $2.75 target price on shares of Atlantic Power Corp. in a report on Saturday, August 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $2.67.
Shares of Atlantic Power Corp. (NYSE:AT) opened at 2.46 on Monday. The firm’s 50-day moving average price is $2.51 and its 200 day moving average price is $2.47. Atlantic Power Corp. has a 12 month low of $1.57 and a 12 month high of $2.75. The company’s market cap is $296.45 million.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AT. JPMorgan Chase & Co. boosted its position in Atlantic Power Corp. by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 6,826,412 shares of the company’s stock worth $16,793,000 after buying an additional 51,012 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Atlantic Power Corp. by 76.1% in the first quarter. Goldman Sachs Group Inc. now owns 285,190 shares of the company’s stock worth $702,000 after buying an additional 123,240 shares in the last quarter. Oskie Capital Management LLC boosted its position in Atlantic Power Corp. by 18.7% in the first quarter. Oskie Capital Management LLC now owns 2,511,726 shares of the company’s stock worth $6,179,000 after buying an additional 395,756 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Atlantic Power Corp. during the first quarter worth approximately $121,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in Atlantic Power Corp. by 0.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 87,055 shares of the company’s stock worth $215,000 after buying an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 43.84% of the company’s stock.
About Atlantic Power Corp.
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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