Gregg J. Felton Sells 71,161 Shares of Altus Power, Inc. (NYSE:AMPS) Stock

Altus Power, Inc. (NYSE:AMPS - Get Free Report) CEO Gregg J. Felton sold 71,161 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $349,400.51. Following the completion of 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 trade represents a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Altus Power Stock Up 0.1 %

Shares of Altus Power stock traded up $0.01 during trading on Friday, reaching $4.93. 2,199,475 shares of the company traded hands, compared to its average volume of 3,715,312. The firm has a market capitalization of $791.92 million, a PE ratio of 22.39 and a beta of 1.05. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.01. The company has a 50 day moving average price of $4.30 and a 200-day moving average price of $3.75. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. B. Riley cut Altus Power from a "buy" rating to a "neutral" rating and dropped their price target for the company from $6.00 to $5.00 in a research note on Friday, February 7th. UBS Group lowered Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price objective on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. raised shares of Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 target price for the company in a research report on Thursday, February 6th. Finally, Seaport Res Ptn downgraded shares of Altus Power from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.06.

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Hedge Funds Weigh In On Altus Power

Several institutional investors have recently made changes to their positions in the stock. Magnus Financial Group LLC acquired a new position in Altus Power during the 4th quarter worth approximately $333,000. Barclays PLC increased its holdings in shares of Altus Power by 312.8% during the third quarter. Barclays PLC now owns 115,987 shares of the company's stock valued at $369,000 after acquiring an additional 87,886 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Altus Power during the fourth quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Altus Power by 798.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company's stock worth $234,000 after purchasing an additional 65,327 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Altus Power in the 3rd quarter valued at $425,000. Institutional investors and hedge funds own 46.55% of the company's stock.

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.