The Manufacturers Life Insurance Company Grows Holdings in Atlantic Power Corp (AT)

The Manufacturers Life Insurance Company raised its holdings in shares of Atlantic Power Corp (NYSE:AT) (TSE:ATP) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,425 shares of the utilities provider’s stock after purchasing an additional 6,201 shares during the period. The Manufacturers Life Insurance Company owned 0.10% of Atlantic Power worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AT. Prudential Financial Inc. lifted its position in Atlantic Power by 87.3% during the 2nd quarter. Prudential Financial Inc. now owns 55,782 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 26,000 shares during the period. KCG Holdings Inc. raised its position in shares of Atlantic Power 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 acquiring an additional 17,111 shares during the period. Nationwide Fund Advisors raised its position in shares of Atlantic Power by 10.6% in the 2nd 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 during the period. Voya Investment Management LLC raised its position in shares of Atlantic Power by 14.7% in the 2nd quarter. Voya Investment Management LLC now owns 75,284 shares of the utilities provider’s stock valued at $181,000 after acquiring an additional 9,647 shares during the period. Finally, AJO LP acquired a new stake in shares of Atlantic Power in the 2nd quarter valued at approximately $216,000. Institutional investors own 47.82% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Atlantic Power from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Wednesday, November 15th. TD Securities reiterated a “hold” rating and issued a $2.50 price target on shares of Atlantic Power in a research report on Tuesday, October 17th. National Bank Financial cut their price target on shares of Atlantic Power from $2.60 to $2.45 and set a “sector perform” rating on the stock in a research report on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Atlantic Power from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Atlantic Power presently has an average rating of “Hold” and an average price target of $2.57.

In related news, Director Gilbert Samuel Palter bought 35,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were purchased at an average cost of $2.35 per share, for a total transaction of $82,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Shares of Atlantic Power Corp (AT) opened at $2.50 on Thursday. The company has a debt-to-equity ratio of 30.07, a quick ratio of 0.97 and a current ratio of 1.07. The company has a market cap of $282.27, a P/E ratio of 22.27 and a beta of 1.73. Atlantic Power Corp has a fifty-two week low of $2.25 and a fifty-two week high of $2.70.

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Atlantic Power Company 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.

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

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