Schwab Charles Investment Management Inc. increased its holdings in Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 861,565 shares of the utilities provider’s stock after buying an additional 26,424 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Atlantic Power were worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AT. Dupont Capital Management Corp purchased a new stake in shares of Atlantic Power in the second quarter worth $624,000. Eqis Capital Management Inc. bought a new position in Atlantic Power in the second quarter valued at $316,000. Acadian Asset Management LLC increased its stake in Atlantic Power by 273.0% in the second quarter. Acadian Asset Management LLC now owns 147,700 shares of the utilities provider’s stock valued at $325,000 after acquiring an additional 108,100 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Atlantic Power by 274.9% in the first quarter. MetLife Investment Advisors LLC now owns 57,588 shares of the utilities provider’s stock valued at $121,000 after acquiring an additional 42,226 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Atlantic Power by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 922,743 shares of the utilities provider’s stock valued at $2,030,000 after acquiring an additional 34,173 shares during the last quarter. Institutional investors own 53.45% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research raised Atlantic Power from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a research note on Monday, July 9th. ValuEngine raised Atlantic Power from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th.

AT opened at $2.16 on Friday. The firm has a market capitalization of $245.67 million, a P/E ratio of -7.45 and a beta of 1.51. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of -36.50. Atlantic Power Corp has a 52 week low of $1.80 and a 52 week high of $2.60.

Atlantic Power (NYSE:AT) (TSE:ATP) last released its earnings results on Thursday, August 2nd. The utilities provider reported ($0.06) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.10. The business had revenue of $66.20 million for the quarter, compared to analysts’ expectations of $74.00 million. Atlantic Power had a negative return on equity of 11.73% and a negative net margin of 15.95%. As a group, sell-side analysts anticipate that Atlantic Power Corp will post -0.09 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Atlantic Power (NYSE:AT)

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