Atlantic Power Corporation (NYSE:AT) (TSE:ATP) has earned an average rating of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $2.45.

Several equities research analysts recently commented on AT shares. ValuEngine lowered shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. National Bank Financial decreased their price objective on shares of Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating on the stock in a research report on Wednesday, August 30th. Zacks Investment Research lowered shares of Atlantic Power Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, BidaskClub upgraded shares of Atlantic Power Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th.

In related news, Director Gilbert Samuel Palter acquired 34,700 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average cost of $2.38 per share, for a total transaction of $82,586.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 75,600 shares of company stock worth $187,730. Insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in Atlantic Power Corporation by 87.9% in the second quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 24,655 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Atlantic Power Corporation in the first quarter valued at approximately $128,000. Two Sigma Securities LLC acquired a new stake in Atlantic Power Corporation in the first quarter valued at approximately $130,000. Prudential Financial Inc. grew its position in Atlantic Power Corporation by 87.3% in the second quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 26,000 shares in the last quarter. Finally, KCG Holdings Inc. grew its position in Atlantic Power Corporation by 44.0% in the first quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 17,111 shares in the last quarter. 45.87% of the stock is owned by hedge funds and other institutional investors.

Atlantic Power Corporation (AT) remained flat at $2.45 during trading on Friday. 1,218,285 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.46. The firm’s market cap is $282.44 million. Atlantic Power Corporation has a 52 week low of $2.13 and a 52 week high of $2.75.

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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.

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