Headlines about Atlantic Power (NYSE:AT) (TSE:ATP) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlantic Power earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.6065746218819 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Thousands of South Jersey residents still without power Friday afternoon (pressofatlanticcity.com)
- Winter Storm Toby Strikes the Northeast: 2 Killed, 100,000 Lose Power as Millions Dig Out (weather.com)
- Fourth major snowstorm this month knocks out power to thousands (newjersey.news12.com)
- Thousands of South Jersey residents still without power Friday morning (pressofatlanticcity.com)
- Over 1,500 Without Power In Burlington County Friday (patch.com)
Shares of AT stock remained flat at $$2.10 during midday trading on Friday. 345,211 shares of the stock were exchanged, compared to its average volume of 1,014,014. Atlantic Power has a twelve month low of $1.80 and a twelve month high of $2.70. The company has a market capitalization of $243.62, a PE ratio of -2.44 and a beta of 1.45. The company has a debt-to-equity ratio of -39.22, a quick ratio of 1.14 and a current ratio of 1.27.
AT has been the topic of a number of research reports. Zacks Investment Research lowered shares of Atlantic Power from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. National Bank Financial set a $2.50 price target on shares of Atlantic Power and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2.58.
In other Atlantic Power news, CEO James J. Moore, Jr. purchased 15,394 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was bought at an average cost of $2.05 per share, with a total value of $31,557.70. Following the transaction, the chief executive officer now directly owns 467,140 shares in the company, valued at approximately $957,637. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph Cofelice bought 20,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was purchased at an average cost of $2.10 per share, with a total value of $42,000.00. Following the completion of the acquisition, the executive vice president now directly owns 634,762 shares of the company’s stock, valued at approximately $1,333,000.20. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 48,894 shares of company stock valued at $101,908. 1.60% of the stock is currently owned by corporate insiders.
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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.
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