Morgan Stanley Has $1.53 Million Stock Holdings in Atlantic Power Co. (NYSE:AT)


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Morgan Stanley decreased its stake in Atlantic Power Co. (NYSE:AT) (TSE:ATP) by 52.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 779,913 shares of the utilities provider’s stock after selling 856,946 shares during the period. Morgan Stanley owned 0.87% of Atlantic Power worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AT. Two Sigma Advisers LP boosted its position in shares of Atlantic Power by 9.1% during the 2nd quarter. Two Sigma Advisers LP now owns 388,501 shares of the utilities provider’s stock valued at $777,000 after purchasing an additional 32,500 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Atlantic Power during the 3rd quarter valued at about $98,000. Goldman Sachs Group Inc. boosted its position in shares of Atlantic Power by 1.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 338,461 shares of the utilities provider’s stock valued at $677,000 after purchasing an additional 6,021 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Atlantic Power by 10.0% during the 3rd quarter. Sigma Planning Corp now owns 143,980 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 13,036 shares in the last quarter. Finally, Bridgeway Capital Management Inc. boosted its position in shares of Atlantic Power by 18.4% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 245,900 shares of the utilities provider’s stock valued at $492,000 after purchasing an additional 38,200 shares in the last quarter. 55.29% of the stock is owned by institutional investors.

Shares of Atlantic Power stock opened at $2.11 on Thursday. The company has a market cap of $188.26 million, a PE ratio of -7.54 and a beta of 0.45. Atlantic Power Co. has a 52 week low of $1.70 and a 52 week high of $2.54. The business has a 50 day moving average price of $2.05 and a 200-day moving average price of $2.03.

Atlantic Power (NYSE:AT) (TSE:ATP) last issued its quarterly earnings data on Sunday, November 15th. The utilities provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.08 by $0.16. The firm had revenue of $65.20 million during the quarter. Atlantic Power had a negative return on equity of 15.60% and a negative net margin of 8.26%. Equities analysts expect that Atlantic Power Co. will post 0.19 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded Atlantic Power from a “sell” rating to a “hold” rating in a report on Tuesday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.37.

Atlantic Power Profile

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2019, its portfolio consisted of twenty-one operating projects with an aggregate electric generating capacity of approximately 1,723 megawatts on a gross ownership basis and approximately 1,327 MW on a net ownership basis across eleven states in the United States and two provinces in Canada.

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

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