Atlantic Power Corporation (NYSE:AT) (TSE:ATP) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

AT has been the subject of a number of other research reports. Zacks Investment Research downgraded Atlantic Power Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 7th. TD Securities reiterated a “hold” rating on shares of Atlantic Power Corporation in a report on Tuesday, May 9th. Finally, ValuEngine downgraded Atlantic Power Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.67.

Shares of Atlantic Power Corporation (NYSE:AT) traded up 2.08% during midday trading on Friday, reaching $2.45. The company’s stock had a trading volume of 116,002 shares. The company’s market cap is $282.44 million. Atlantic Power Corporation has a 12 month low of $2.13 and a 12 month high of $2.75. The stock has a 50-day moving average of $2.37 and a 200 day moving average of $2.44.

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In other Atlantic Power Corporation news, Director Gilbert Samuel Palter purchased 49,900 shares of the stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $2.39 per share, for a total transaction of $119,261.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James J. Moore, Jr. purchased 35,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $2.38 per share, with a total value of $83,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 385,742 shares of the company’s stock, valued at $918,065.96. The disclosure for this purchase can be found here. Insiders acquired 133,117 shares of company stock valued at $317,925 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Atlantic Power Corporation during the first quarter valued at about $128,000. Two Sigma Securities LLC acquired a new stake in shares of Atlantic Power Corporation during the first quarter valued at about $130,000. Prudential Financial Inc. increased its stake in shares of 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 buying an additional 26,000 shares during the period. KCG Holdings Inc. increased its stake in shares of 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 buying an additional 17,111 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Atlantic Power Corporation by 10.6% in the second quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock valued at $173,000 after buying an additional 6,867 shares during the period. Institutional investors own 46.37% of the company’s stock.

About Atlantic Power Corporation

Alltel Corporation provides telecommunication services such as wire line local, long-distance, network access and internet services, wireless communications and wide-area paging services. The Company also wholesales telecommunications equipment and publishes telephone directories.

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