Atlantic Power Corporation (NYSE:AT) (TSE:ATP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $2.75 price target on the utilities provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.00% from the company’s current price.

According to Zacks, “Atlantic Power Corporation is an independent electric power producer that owns interests in a diversified portfolio of independent, non-utility power generation projects and one transmission line situated in major U.S. markets. “

AT has been the subject of a number of other reports. National Bank Financial cut their target price on Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating for the company in a research note on Wednesday, August 30th. BidaskClub raised Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, ValuEngine downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Atlantic Power Corporation presently has a consensus rating of “Hold” and an average price target of $2.65.

Shares of Atlantic Power Corporation (NYSE AT) remained flat at $2.50 during midday trading on Tuesday. The company’s stock had a trading volume of 333,383 shares. The stock’s market cap is $288.20 million. Atlantic Power Corporation has a one year low of $2.13 and a one year high of $2.75. The stock has a 50-day moving average of $2.44 and a 200 day moving average of $2.45.

TRADEMARK VIOLATION WARNING: “Atlantic Power Corporation (AT) Lifted to Buy at Zacks Investment Research” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/10/atlantic-power-corporation-at-lifted-to-buy-at-zacks-investment-research.html.

In related news, Director Gilbert Samuel Palter bought 30,300 shares of the business’s stock in a transaction on Friday, September 1st. The stock was acquired at an average cost of $2.38 per share, with a total value of $72,114.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 65,600 shares of company stock valued at $163,730 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its stake in shares of Atlantic Power Corporation by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 260,119 shares of the utilities provider’s stock worth $689,000 after acquiring an additional 1,764 shares during the last quarter. American International Group Inc. increased its stake in shares of Atlantic Power Corporation by 6.7% in the 1st quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 4,703 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Atlantic Power Corporation by 5.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 110,425 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 6,201 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Atlantic Power Corporation 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 acquiring an additional 6,867 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Atlantic Power Corporation by 1.5% in the 1st quarter. Alliancebernstein L.P. now owns 573,410 shares of the utilities provider’s stock worth $1,520,000 after acquiring an additional 8,400 shares during the last quarter. 45.83% of the stock is owned by institutional investors and hedge funds.

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.

Get a free copy of the Zacks research report on Atlantic Power Corporation (AT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.