TheStreet Upgrades Atlantic Power (AT) to C-

Atlantic Power (NYSE:AT) (TSE:ATP) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Monday, February 4th.

Several other equities research analysts have also commented on AT. Zacks Investment Research upgraded Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Monday, January 21st. ValuEngine upgraded Atlantic Power from a “hold” rating to a “buy” rating in a research report on Monday, December 17th.

Shares of AT stock traded up $0.15 on Monday, hitting $2.84. The company had a trading volume of 976,372 shares, compared to its average volume of 224,881. The stock has a market cap of $301.19 million, a price-to-earnings ratio of -9.79 and a beta of 1.16. Atlantic Power has a twelve month low of $2.03 and a twelve month high of $2.85.

Large investors have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Atlantic Power by 64.1% during the fourth quarter. LPL Financial LLC now owns 16,890 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 6,596 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Atlantic Power by 35.6% during the fourth quarter. Meeder Asset Management Inc. now owns 23,198 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 6,095 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in shares of Atlantic Power during the fourth quarter valued at approximately $61,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Atlantic Power during the fourth quarter valued at approximately $81,000. Finally, Sigma Planning Corp increased its position in shares of Atlantic Power by 30.7% during the fourth quarter. Sigma Planning Corp now owns 44,091 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 10,364 shares during the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

About Atlantic Power

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation capacity of approximately 1,633 megawatts consisting of interests in 18 operational power generation projects across 9 states in the United States and 2 provinces in Canada.

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