Shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) have been given a consensus recommendation of “Hold” by the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $2.60.

Several research firms have weighed in on AT. Zacks Investment Research raised Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research report on Tuesday. BidaskClub raised Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. National Bank Financial dropped their price target on Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating for the company in a research report on Wednesday, August 30th. Finally, ValuEngine downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th.

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In other Atlantic Power Corporation news, Director Gilbert Samuel Palter acquired 30,300 shares of the stock in a transaction dated Friday, September 1st. The stock was acquired at an average price of $2.38 per share, with a total value of $72,114.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 65,600 shares of company stock valued at $163,730. Company insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Mangrove Partners grew its position in shares of Atlantic Power Corporation by 0.7% in the second quarter. Mangrove Partners now owns 8,680,740 shares of the utilities provider’s stock valued at $20,834,000 after purchasing an additional 60,100 shares during the period. JPMorgan Chase & Co. grew its position in shares of Atlantic Power Corporation by 12.0% in the second quarter. JPMorgan Chase & Co. now owns 5,731,760 shares of the utilities provider’s stock valued at $13,757,000 after purchasing an additional 614,900 shares during the period. Neuberger Berman Group LLC grew its position in shares of Atlantic Power Corporation by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 3,815,596 shares of the utilities provider’s stock valued at $9,157,000 after purchasing an additional 55,914 shares during the period. Vanguard Group Inc. grew its position in shares of Atlantic Power Corporation by 4.7% in the second quarter. Vanguard Group Inc. now owns 3,163,689 shares of the utilities provider’s stock valued at $7,593,000 after purchasing an additional 142,274 shares during the period. Finally, State Street Corp grew its position in shares of Atlantic Power Corporation by 1.6% in the second quarter. State Street Corp now owns 2,143,668 shares of the utilities provider’s stock valued at $5,147,000 after purchasing an additional 33,047 shares during the period. 45.83% of the stock is owned by institutional investors and hedge funds.

Atlantic Power Corporation (NYSE AT) traded down 2.9880% during mid-day trading on Wednesday, hitting $2.4253. The stock had a trading volume of 69,561 shares. The firm’s market cap is $279.59 million. The stock has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.45. Atlantic Power Corporation has a 12-month low of $2.13 and a 12-month high of $2.75.

Atlantic Power Corporation 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. Atlantic Power’s segments include East U.S., West U.S. and Canada. The Company’s East U.S.

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