Altus Power, Inc. (NYSE:AMPS) Receives $5.13 Consensus PT from Brokerages

Shares of Altus Power, Inc. (NYSE:AMPS - Get Free Report) have received an average recommendation of "Hold" from the ten research firms that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $5.13.

Several equities analysts have recently weighed in on AMPS shares. 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. Seaport Res Ptn cut shares of Altus Power from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised shares of Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 price objective for the company in a research report on Thursday, February 6th. B. Riley downgraded shares of Altus Power from a "buy" rating to a "neutral" rating and cut their target price for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $5.00 price target on shares of Altus Power in a research report on Friday, March 21st.

Insiders Place Their Bets

In related news, CFO Dustin Weber sold 15,480 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 $76,780.80. Following the completion of the sale, the chief financial officer now owns 1,966,208 shares in the company, valued at approximately $9,752,391.68. The trade was a 0.78 % 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, CEO Gregg J. Felton sold 71,161 shares of the company's stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 4,023,696 shares in the company, valued at $19,756,347.36. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,422 shares of company stock worth $1,093,796 in the last quarter. 24.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Altus Power

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of Altus Power by 379.2% during the first quarter. GAMMA Investing LLC now owns 8,583 shares of the company's stock worth $42,000 after purchasing an additional 6,792 shares during the last quarter. US Bancorp DE raised its stake in Altus Power by 11,326.2% during 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 in the last quarter. SevenBridge Financial Group LLC bought a new position in Altus Power during the 4th quarter worth approximately $41,000. One68 Global Capital LLC acquired a new position in shares of Altus Power in the 4th quarter worth approximately $41,000. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Altus Power in the 4th quarter valued at approximately $41,000. Institutional investors own 46.55% of the company's stock.

Altus Power Trading Down 0.1 %

Shares of AMPS traded down $0.01 during mid-day trading on Friday, reaching $5.00. The company had a trading volume of 5,274,621 shares, compared to its average volume of 1,747,973. Altus Power has a fifty-two week low of $2.71 and a fifty-two week high of $5.50. The firm has a fifty day simple moving average of $4.94 and a 200-day simple moving average of $4.17. The stock has a market cap of $801.30 million, a price-to-earnings 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 - Get Free Report) last issued its earnings results 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 firm had revenue of $44.47 million during the quarter, compared to analysts' expectations of $46.64 million. On average, sell-side analysts anticipate that Altus Power will post 0.14 EPS for the current fiscal 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.