Atlantic Power Corp (NYSE: AT) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a research note issued on Friday.
AT has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Atlantic Power Corp from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, January 29th. They now have a $12.20 price target on the stock. Separately, analysts at BMO Capital Markets downgraded shares of Atlantic Power Corp from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, January 24th. They now have a $12.00 price target on the stock, up previously from $11.50. Finally, analysts at CIBC upgraded shares of Atlantic Power Corp to an “underperform” rating in a research note to investors on Wednesday, January 2nd.
One equities research analyst has rated the stock with a buy rating, three have issued a hold rating, and four have given a sell rating to the stock. The company has an average rating of “underweight” and an average price target of $11.75.
Shares of Atlantic Power Corp traded down 29.19% during mid-day trading on Friday, hitting $7.06. Atlantic Power Corp has a 52 week low of $9.90 and a 52 week high of $15.18. The stock’s 50-day moving average is currently $11.90. The company’s market cap is $842.5 million.
The company also recently announced a monthly dividend, which is scheduled for Thursday, March 28th. Investors of record on Thursday, February 28th will be paid a dividend of $0.10 per share. This represents a $1.15 annualized dividend and a dividend yield of 11.51%. The ex-dividend date is Tuesday, February 26th.
Atlantic Power Corporation (Atlantic Power) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
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