Altus Power, Inc. (NYSE:AMPS) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in Altus Power, Inc. (NYSE:AMPS) by 11,326.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,598 shares of the company’s stock after purchasing an additional 9,514 shares during the period. US Bancorp DE’s holdings in Altus Power were worth $39,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Altus Power during the 3rd quarter valued at approximately $41,000. Intech Investment Management LLC acquired a new stake in shares of Altus Power during the 3rd quarter valued at approximately $86,000. Ballentine Partners LLC acquired a new stake in shares of Altus Power during the 4th quarter valued at approximately $112,000. Janus Henderson Group PLC raised its position in shares of Altus Power by 9.0% during the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Altus Power by 19.6% during the 4th quarter. SG Americas Securities LLC now owns 36,058 shares of the company’s stock valued at $147,000 after acquiring an additional 5,912 shares in the last quarter. 46.55% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Altus Power

In other news, insider Anthony Savino sold 8,823 shares of the stock in a transaction on Thursday, February 20th. The stock was 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 owns 4,088,231 shares of the company’s stock, valued at approximately $20,073,214.21. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Dustin Weber sold 9,162 shares of the 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 completion of the transaction, the chief financial officer now directly owns 2,002,611 shares of the company’s stock, valued at approximately $9,832,820.01. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,146 shares of company stock valued at $437,707. 24.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AMPS. JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Thursday, February 6th. UBS Group lowered 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. Seaport Res Ptn downgraded Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, B. Riley downgraded Altus Power from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.00 to $5.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.06.

Altus Power Price Performance

Shares of AMPS opened at $4.95 on Wednesday. The company has a market cap of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98. The stock has a fifty day moving average price of $4.47 and a 200 day moving average price of $3.92. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $5.50.

Altus Power (NYSE:AMPS) last released its quarterly 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). 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 during the quarter, compared to the consensus estimate of $46.64 million. On average, research analysts forecast that Altus Power, Inc. will post 0.14 earnings per share for the current year.

Altus Power 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.