Altus Power’s (AMPS) Neutral Rating Reiterated at Roth Mkm

Roth Mkm reiterated their neutral rating on shares of Altus Power (NYSE:AMPS) in a report issued on Friday,Benzinga reports. They currently have a $5.00 price target on the stock.

AMPS has been the subject of several other reports. UBS Group downgraded Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, B. Riley cut shares of Altus Power from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.00 in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.13.

Altus Power Trading Up 0.1 %

AMPS opened at $4.95 on Friday. The company has a 50-day simple moving average of $4.52 and a 200 day simple moving average of $3.96. Altus Power has a twelve month low of $2.71 and a twelve month high of $5.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98.

Altus Power (NYSE:AMPS) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). Altus Power had a return on equity of 4.79% and a net margin of 19.18%. The business had revenue of $44.47 million for the quarter, compared to the consensus estimate of $46.64 million. Analysts predict that Altus Power will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregg J. Felton sold 71,161 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $349,400.51. Following the sale, the chief executive officer now directly owns 4,023,696 shares in the company, valued at approximately $19,756,347.36. This represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony Savino sold 8,823 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $43,320.93. Following the sale, the insider now owns 4,088,231 shares in the company, valued at approximately $20,073,214.21. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,146 shares of company stock valued at $437,707. Insiders own 24.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMPS. Encompass Capital Advisors LLC raised its position in shares of Altus Power by 20.0% in the fourth quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock worth $32,671,000 after buying an additional 1,336,044 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in Altus Power in the fourth quarter valued at approximately $1,887,000. Millennium Management LLC boosted its position in Altus Power by 148.3% during the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock valued at $2,655,000 after buying an additional 389,605 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Altus Power by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,648,599 shares of the company’s stock worth $14,850,000 after purchasing an additional 263,393 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Altus Power in the 3rd quarter worth approximately $425,000. Institutional investors own 46.55% of the company’s stock.

About Altus Power

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.