National Bank Financial Brokers Boost Earnings Estimates for Atlantic Power Corporation (AT)

Atlantic Power Corporation (NYSE:AT) (TSE:ATP) – Equities researchers at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Atlantic Power Corporation in a report issued on Sunday. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings per share of ($0.22) for the year, up from their previous forecast of ($0.27). National Bank Financial currently has a “Sector Perform” rating and a $2.45 price target on the stock. National Bank Financial also issued estimates for Atlantic Power Corporation’s Q4 2017 earnings at ($0.04) EPS and FY2018 earnings at ($0.13) EPS.

A number of other brokerages also recently commented on AT. TD Securities restated a “hold” rating and issued a $2.50 target price on shares of Atlantic Power Corporation in a research note on Tuesday, October 17th. Zacks Investment Research upgraded Atlantic Power Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded Atlantic Power Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2.57.

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Shares of Atlantic Power Corporation (AT) traded up $0.05 on Wednesday, hitting $2.40. The stock had a trading volume of 336,900 shares, compared to its average volume of 364,303. Atlantic Power Corporation has a 1 year low of $2.25 and a 1 year high of $2.75. The company has a quick ratio of 0.97, a current ratio of 1.07 and a debt-to-equity ratio of 30.07. The stock has a market capitalization of $270.75, a P/E ratio of 21.36 and a beta of 1.74.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in shares of Atlantic Power Corporation 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 acquiring an additional 24,467 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Atlantic Power Corporation 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 acquiring an additional 24,655 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Atlantic Power Corporation 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 acquiring an additional 26,000 shares in the last quarter. KCG Holdings Inc. lifted its position in shares of Atlantic Power Corporation by 44.0% in the first quarter. KCG Holdings Inc. now owns 55,999 shares of the utilities provider’s stock valued at $148,000 after acquiring an additional 17,111 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in shares of Atlantic Power Corporation 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 acquiring an additional 6,867 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

In other Atlantic Power Corporation news, Director Gilbert Samuel Palter purchased 30,300 shares of the stock in a transaction on Friday, September 1st. The shares were bought at an average price of $2.38 per share, for a total transaction of $72,114.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 100,000 shares of company stock worth $236,950 in the last quarter. 1.60% of the stock is currently owned by company insiders.

About Atlantic Power Corporation

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.

Earnings History and Estimates for Atlantic Power Corporation (NYSE:AT)

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