Gregg J. Felton Purchases 12,500 Shares of Altus Power, Inc. (NYSE:AMPS) Stock

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton bought 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $4.78 per share, with a total value of $59,750.00. Following the completion of the purchase, the chief executive officer now owns 11,894,603 shares in the company, valued at $56,856,202.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Altus Power Stock Up 1.5 %

Shares of Altus Power stock opened at $4.85 on Monday. Altus Power, Inc. has a 1-year low of $4.08 and a 1-year high of $7.28. The company has a debt-to-equity ratio of 2.33, a quick ratio of 2.15 and a current ratio of 2.15. The stock’s 50 day simple moving average is $5.93 and its 200-day simple moving average is $5.69.

Wall Street Analyst Weigh In

AMPS has been the subject of several recent analyst reports. Roth Mkm cut their price target on Altus Power from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 15th. B. Riley increased their target price on Altus Power from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Morgan Stanley decreased their price objective on shares of Altus Power from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Altus Power presently has a consensus rating of “Buy” and an average target price of $8.63.

Institutional Trading of Altus Power

Large investors have recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc purchased a new stake in shares of Altus Power during the 3rd quarter valued at approximately $26,000. Advisors Asset Management Inc. purchased a new stake in Altus Power in the fourth quarter valued at $37,000. JPMorgan Chase & Co. acquired a new position in shares of Altus Power in the 1st quarter valued at $39,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Altus Power during the 3rd quarter worth $41,000. Finally, Point72 Middle East FZE acquired a new stake in shares of Altus Power during the 4th quarter worth about $41,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Altus Power Company Profile

Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.