Altus Power (NYSE:AMPS) Earns “Neutral” Rating from Roth Mkm

Altus Power (NYSE:AMPS)‘s stock had its “neutral” rating reaffirmed by equities researchers at Roth Mkm in a report released on Friday,Benzinga reports. They presently have a $5.00 target price on the stock. Roth Mkm’s price target would indicate a potential upside of 1.11% from the company’s current price.

AMPS has been the topic of a number of other reports. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $6.00 to $5.00 in a report on Friday, February 7th. JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a report on Thursday, February 6th. Finally, UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.13.

Altus Power Stock Up 0.1 %

Altus Power stock traded up $0.01 during midday trading on Friday, reaching $4.95. The stock had a trading volume of 176,586 shares, compared to its average volume of 1,533,484. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. Altus Power has a 12 month low of $2.71 and a 12 month high of $5.50. The company has a fifty day moving average price of $4.51 and a two-hundred day moving average price of $3.93. The company has a market capitalization of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98.

Altus Power (NYSE:AMPS) last issued its earnings results on Monday, March 17th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The firm had revenue of $44.47 million during the quarter, compared to the consensus estimate of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. As a group, equities analysts expect that Altus Power will post 0.14 EPS for the current fiscal year.

Insider Activity

In other Altus Power news, insider Anthony Savino sold 8,823 shares of Altus Power stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $43,320.93. Following the completion of the transaction, the insider now directly owns 4,088,231 shares of the company’s stock, valued at approximately $20,073,214.21. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dustin Weber sold 9,162 shares of the firm’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 $44,985.42. Following the sale, the chief financial officer now directly owns 2,002,611 shares of the company’s stock, valued at $9,832,820.01. This trade represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,146 shares of company stock worth $437,707. Insiders own 24.30% of the company’s stock.

Institutional Investors Weigh In On Altus Power

Several hedge funds and other institutional investors have recently made changes to their positions in AMPS. Janus Henderson Group PLC raised its holdings in Altus Power by 9.0% during the third quarter. Janus Henderson Group PLC now owns 44,792 shares of the company’s stock valued at $142,000 after acquiring an additional 3,709 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Altus Power by 8.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,512 shares of the company’s stock worth $222,000 after purchasing an additional 4,395 shares in the last quarter. ProShare Advisors LLC raised its stake in Altus Power by 11.5% during the 4th quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock valued at $203,000 after purchasing an additional 5,143 shares during the period. SG Americas Securities LLC lifted its holdings in Altus Power by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 36,058 shares of the company’s stock worth $147,000 after purchasing an additional 5,912 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Altus Power by 23.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,656 shares of the company’s stock valued at $141,000 after purchasing an additional 6,524 shares during the last quarter. Hedge funds and other 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.