Shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $2.60.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research raised shares of Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Tuesday, October 10th. Finally, National Bank Financial cut their price target on shares of Atlantic Power Corporation from $2.60 to $2.45 and set a “sector perform” rating on the stock in a research note on Wednesday, August 30th.

Atlantic Power Corporation (NYSE:AT) remained flat at $2.55 during mid-day trading on Wednesday. 191,431 shares of the company were exchanged. The firm’s market capitalization is $293.96 million. The company’s 50-day moving average is $2.45 and its 200-day moving average is $2.45. Atlantic Power Corporation has a 52 week low of $2.12 and a 52 week high of $2.75.

In other Atlantic Power Corporation news, Director Gilbert Samuel Palter bought 34,700 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were acquired at an average price of $2.38 per share, with a total value of $82,586.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders bought 65,600 shares of company stock worth $163,730. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Atlantic Power Corporation by 87.9% in the 2nd 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 during the period. The Manufacturers Life Insurance Company raised 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 valued at $260,000 after acquiring an additional 6,201 shares during the period. State Street Corp raised its stake in shares of Atlantic Power Corporation by 1.6% in the 2nd quarter. State Street Corp now owns 2,143,668 shares of the utilities provider’s stock valued at $5,147,000 after acquiring an additional 33,047 shares during the period. Mangrove Partners raised its stake in shares of Atlantic Power Corporation by 0.7% in the 2nd quarter. Mangrove Partners now owns 8,680,740 shares of the utilities provider’s stock valued at $20,834,000 after acquiring an additional 60,100 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Atlantic Power Corporation by 31.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 259,392 shares of the utilities provider’s stock valued at $622,000 after acquiring an additional 62,686 shares during the period. 45.83% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Atlantic Power Corporation (AT) Given Consensus Recommendation of “Hold” by Analysts” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/10/16/atlantic-power-corporation-at-given-consensus-recommendation-of-hold-by-analysts.html.

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.

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.