Shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) gapped up before the market opened on Monday . The stock had previously closed at $2.20, but opened at $2.30. Atlantic Power shares last traded at $2.40, with a volume of 5103900 shares.

A number of analysts recently issued reports on AT shares. Zacks Investment Research raised shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Wednesday, November 15th. TD Securities reissued a “hold” rating and set a $2.50 price target on shares of Atlantic Power in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $2.57.

The company has a debt-to-equity ratio of 30.07, a current ratio of 1.07 and a quick ratio of 0.97. The firm has a market capitalization of $276.51, a PE ratio of -4.20 and a beta of 1.73.

Atlantic Power (NYSE:AT) (TSE:ATP) last posted its quarterly earnings data on Thursday, November 9th. The utilities provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. Atlantic Power had a negative net margin of 14.09% and a positive return on equity of 34.66%. research analysts predict that Atlantic Power Corp will post -0.22 earnings per share for the current fiscal year.

In related news, Director Gilbert Samuel Palter acquired 35,000 shares of Atlantic Power stock in a transaction on Thursday, November 16th. The stock was bought at an average cost of $2.35 per share, for a total transaction of $82,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Atlantic Power by 141.2% in the third quarter. Jane Street Group LLC now owns 41,795 shares of the utilities provider’s stock valued at $102,000 after buying an additional 24,467 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Atlantic Power by 87.9% in the second quarter. Tower Research Capital LLC TRC now owns 52,701 shares of the utilities provider’s stock valued at $126,000 after buying an additional 24,655 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Atlantic Power 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 last quarter. Nationwide Fund Advisors grew its holdings in shares of Atlantic Power 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 purchasing an additional 6,867 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in shares of Atlantic Power in the third quarter valued at about $180,000. Institutional investors and hedge funds own 47.68% of the company’s stock.

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About Atlantic Power

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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