Altus Power, Inc. (NYSE:AMPS) CEO Sells $431,758.08 in Stock

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton sold 87,048 shares of Altus Power stock in a transaction on Monday, April 7th. The shares were sold at an average price of $4.96, for a total value of $431,758.08. Following the completion of the sale, the chief executive officer now directly owns 3,852,712 shares of the company’s stock, valued at $19,109,451.52. The trade was a 2.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Altus Power Trading Up 0.1 %

Shares of NYSE:AMPS opened at $5.00 on Friday. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $5.50. The company’s 50 day moving average is $4.91 and its two-hundred day moving average is $4.15. The company has a market cap of $801.30 million, a PE ratio of 22.70 and a beta of 0.94. 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 (NYSE:AMPS) last issued its earnings results on Monday, March 17th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). Altus Power had a return on equity of 4.79% and a net margin of 19.18%. The firm had revenue of $44.47 million for the quarter, compared to analyst estimates of $46.64 million. Equities analysts predict that Altus Power, Inc. will post 0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Roth Mkm restated a “neutral” rating and set a $5.00 target price on shares of Altus Power in a report on Friday, March 21st. B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Roth Capital lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Encompass Capital Advisors LLC boosted its holdings in shares of Altus Power by 20.0% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,027,318 shares of the company’s stock valued at $32,671,000 after buying an additional 1,336,044 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of Altus Power in the fourth quarter valued at approximately $1,887,000. Millennium Management LLC raised 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 worth $2,655,000 after buying an additional 389,605 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Altus Power by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,648,599 shares of the company’s stock valued at $14,850,000 after purchasing an additional 263,393 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Altus Power in the 3rd quarter valued at approximately $425,000. 46.55% of the stock is owned by institutional investors and hedge funds.

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.