Wells Fargo & Company MN Has $426,000 Stake in Atlantic Power Corporation (AT)

Wells Fargo & Company MN cut its holdings in shares of Atlantic Power Corporation (NYSE:AT) (TSE:ATP) by 0.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 177,751 shares of the utilities provider’s stock after selling 335 shares during the period. Wells Fargo & Company MN owned approximately 0.15% of Atlantic Power Corporation worth $426,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Prudential Financial Inc. lifted its stake in Atlantic Power Corporation by 87.3% in the 2nd 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 in the last quarter. KCG Holdings Inc. lifted its stake in Atlantic Power Corporation by 44.0% in the 1st 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 in the last quarter. American International Group Inc. lifted its stake in Atlantic Power Corporation by 6.7% in the 1st quarter. American International Group Inc. now owns 74,836 shares of the utilities provider’s stock valued at $198,000 after buying an additional 4,703 shares in the last quarter. Peak Asset Management LLC lifted its stake in Atlantic Power Corporation by 34.8% in the 2nd quarter. Peak Asset Management LLC now owns 77,400 shares of the utilities provider’s stock valued at $186,000 after buying an additional 20,000 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Atlantic Power Corporation by 13.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 83,950 shares of the utilities provider’s stock valued at $222,000 after buying an additional 10,041 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

Shares of Atlantic Power Corporation (AT) opened at $2.45 on Wednesday. Atlantic Power Corporation has a 1-year low of $2.25 and a 1-year high of $2.75. 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 cap of $276.51, a P/E ratio of 21.82 and a beta of 1.74.

A number of research firms have weighed in on AT. BidaskClub lowered shares of Atlantic Power Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Tuesday, October 10th. TD Securities reissued a “hold” rating and issued a $2.50 target price on shares of Atlantic Power Corporation in a research note on Tuesday, October 17th. Finally, National Bank Financial decreased their target price 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. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $2.57.

In other Atlantic Power Corporation news, Director Gilbert Samuel Palter purchased 34,700 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $2.38 per share, for a total transaction of $82,586.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

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Atlantic Power Corporation 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.

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

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