Atlantic Power Corp(NYSE:AT) Announces Dividend


Dallas, Texas 02/21/2014 (FINANCIALSTRENDS) – Boston-based Atlantic Power Corp(NYSE:AT) has announced the dividend for the month on Feb 18,2014. The company will pay 0.0301 per share to those shareowners as of Feb 28, on March 31, 2014. The annualized dividend for these is $0.36 and dividend yield is 12.96%. It has to be noted that the ex-dividend date is Feb 26, 2014.

Consensus rating is Sell and PT $3.65

Atlantic Power Corp(NYSE:AT) has been, in the recent weeks under the scanner. As per TD securities, analysts have cut the price target of these shares. The downward revision is nearly half- from $4.00 to $2.50 as of Jan 31, 2014. The current rating is on Reduce for this stock.

Other analysts who have also released research notes for this company are- BMO Capital Markets – here the shares are downgraded from Market Perform to Under Perform. Moreover, five other research analysts to have moved the stock into sell, while two more have a Hold rating on this stock.

Operation Lean

Atlantic Power Corp(NYSE:AT)has multi-sector role in utilities- owning and operating infrastructure for power generation in US and across the border in Canada and has been sprucing up over the past two quarter in terms of going-lean on the infrastructure side.

In April of 2013, it exited its presence in three projects panning Florida- the Auburndale Power Partners Limited, lake Cogen and the Pasco Cogen Ltd.

Atlantic Power Corp(NYSE:AT) operates its power generation facilities on a long term power purchase model. It essentially sells to industrial customers as well as to electricity and utilities divisions. These sales are typically affected through purchase agreements. As per last statistics available, the power generated by the company is at 3,397 megawatts, declaring ownership of interest in more than 2,140 megawatts.

Atlantic Power Corp(NYSE:AT) operates in five sections- Southeast, Southwest, Northeast as well as Un-allocate Corporate.