BMO Capital Markets cut shares of Atlantic Power Corp. (NYSE:AT) from a market perform rating to an underperform rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank downgraded shares of Atlantic Power Corp. from a sector perform rating to an underperform rating in a research note to investors on Monday, October 28th. Analysts at Macquarie downgraded shares of Atlantic Power Corp. from a neutral rating to an underperform rating in a research note to investors on Monday, October 21st. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of Sell and an average price target of $4.80.
Shares of Atlantic Power Corp. (NYSE:AT) traded down 4.18% on Tuesday, hitting $3.21. The stock had a trading volume of 1,103,487 shares. Atlantic Power Corp. has a 52 week low of $3.20 and a 52 week high of $13.03. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $4.31. The company’s market cap is $385.3 million.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.03 per share. This represents a $0.38 annualized dividend and a dividend yield of 11.40%. The ex-dividend date is Wednesday, November 27th.
Atlantic Power Corporation (NYSE:AT) owns and operates a fleet of power generation and infrastructure assets in the United States and Canada.
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