Altus Power, Inc. (NYSE:AMPS) Given Average Rating of "Hold" by Brokerages

Shares of Altus Power, Inc. (NYSE:AMPS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.13.

AMPS has been the topic of a number of analyst reports. UBS Group downgraded shares of Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price target on the stock. in a research report on Monday, February 10th. Roth Mkm reissued a "neutral" rating and issued a $5.00 price target on shares of Altus Power in a research note on Friday. JPMorgan Chase & Co. raised shares of Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 price objective on the stock in a research report on Thursday, February 6th. B. Riley lowered shares of Altus Power from a "buy" rating to a "neutral" rating and lowered their price target for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, Seaport Res Ptn downgraded Altus Power from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th.

Insider Transactions at Altus Power

In other Altus Power news, CEO Gregg J. Felton sold 71,161 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $349,400.51. Following the transaction, the chief executive officer now directly owns 4,023,696 shares of the company's stock, valued at $19,756,347.36. This represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Dustin Weber sold 9,162 shares of Altus Power stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value 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 represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,146 shares of company stock worth $437,707. 24.30% of the stock is owned by insiders.

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Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMPS. US Bancorp DE boosted its stake in shares of Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company's stock valued at $39,000 after buying an additional 9,514 shares during the period. HighTower Advisors LLC acquired a new position in Altus Power in the 3rd quarter valued at $41,000. Citizens Financial Group Inc. RI bought a new stake in shares of Altus Power during the 4th quarter valued at $41,000. SevenBridge Financial Group LLC bought a new position in shares of Altus Power in the fourth quarter worth $41,000. Finally, One68 Global Capital LLC acquired a new position in Altus Power in the fourth quarter valued at about $41,000. 46.55% of the stock is owned by institutional investors.

Altus Power Price Performance

Shares of AMPS stock traded up $0.01 during trading hours on Tuesday, hitting $4.95. 547,192 shares of the company's stock were exchanged, compared to its average volume of 1,536,301. Altus Power has a 52 week low of $2.71 and a 52 week high of $5.50. The stock has a market cap of $795.14 million, a price-to-earnings ratio of 22.48 and a beta of 0.98. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The stock's 50-day moving average is $4.51 and its 200-day moving average is $3.93.

Altus Power (NYSE:AMPS - Get Free Report) last released 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 business had revenue of $44.47 million for the quarter, compared to analyst estimates of $46.64 million. As a group, research analysts forecast that Altus Power will post 0.14 EPS for the current year.

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.