Atlantic Power (AT) Raised to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of Atlantic Power (NYSE:AT) (TSE:ATP) from a hold rating to a buy rating in a research report released on Wednesday morning. They currently have $2.75 price target on the utilities provider’s stock.

According to Zacks, “Atlantic Power Corporation is an independent electric power producer that owns interests in a diversified portfolio of independent, non-utility power generation projects and one transmission line situated in major U.S. markets. “

Other analysts have also recently issued reports about the stock. ValuEngine raised shares of Atlantic Power from a hold rating to a buy rating in a research note on Monday, December 17th. TheStreet upgraded shares of Atlantic Power from a d+ rating to a c- rating in a report on Monday, February 4th.

Shares of NYSE AT opened at $2.54 on Wednesday. Atlantic Power has a 52-week low of $1.95 and a 52-week high of $2.60. The firm has a market cap of $277.36 million, a PE ratio of -8.76 and a beta of 1.16.

Several large investors have recently bought and sold shares of AT. LPL Financial LLC lifted its holdings in shares of Atlantic Power by 64.1% during the 4th 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 in the last quarter. Meeder Asset Management Inc. lifted its holdings in Atlantic Power by 35.6% in the 4th quarter. Meeder Asset Management Inc. now owns 23,198 shares of the utilities provider’s stock worth $50,000 after buying an additional 6,095 shares in the last quarter. Highstreet Asset Management Inc. acquired a new position in Atlantic Power in the 4th quarter worth $61,000. Metropolitan Life Insurance Co. NY acquired a new position in Atlantic Power in the 4th quarter worth $81,000. Finally, Sigma Planning Corp lifted its holdings in Atlantic Power by 30.7% in the 4th quarter. Sigma Planning Corp now owns 44,091 shares of the utilities provider’s stock worth $96,000 after buying an additional 10,364 shares in the last quarter. Institutional investors and hedge funds own 54.17% of the company’s stock.

Atlantic Power Company Profile

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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