Atlantic Power Corp (NYSE:AT) (TSE:ATP) – Research analysts at National Bank Financial issued their Q1 2018 EPS estimates for Atlantic Power in a report released on Sunday. National Bank Financial analyst R. Merer expects that the utilities provider will post earnings of ($0.08) per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $2.50 price objective on the stock. National Bank Financial also issued estimates for Atlantic Power’s Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.04) EPS and FY2019 earnings at ($0.12) EPS.
Separately, Zacks Investment Research lowered shares of Atlantic Power from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Atlantic Power currently has an average rating of “Hold” and an average target price of $2.58.
Atlantic Power (AT) opened at $2.15 on Wednesday. The company has a debt-to-equity ratio of -39.22, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market cap of $249.42, a PE ratio of 43.00 and a beta of 1.45. Atlantic Power has a 12 month low of $1.80 and a 12 month high of $2.70.
Hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in Atlantic Power by 141.2% during the 3rd quarter. Jane Street Group LLC now owns 41,795 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 24,467 shares during the last quarter. Nationwide Fund Advisors grew its position in Atlantic Power by 10.6% during the 2nd quarter. Nationwide Fund Advisors now owns 71,880 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 6,867 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Atlantic Power during the 3rd quarter valued at about $180,000. Voya Investment Management LLC grew its position in Atlantic Power by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 75,284 shares of the utilities provider’s stock valued at $181,000 after purchasing an additional 9,647 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Atlantic Power by 50.5% during the 4th quarter. Two Sigma Advisers LP now owns 80,801 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 27,100 shares during the last quarter. 50.59% of the stock is currently owned by institutional investors.
About Atlantic Power
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.