Atlantic Power (AT) Reaches $2.40 After 8.00% Up Move; Envestnet Asset Management Cut Raytheon Co (RTN) Holding By $748,464

January 14, 2018 - By Peter Erickson

Envestnet Asset Management Inc decreased Raytheon Co (RTN) stake by 2.99% reported in 2017Q3 SEC filing. Envestnet Asset Management Inc sold 4,024 shares as Raytheon Co (RTN)’s stock rose 4.85%. The Envestnet Asset Management Inc holds 130,712 shares with $24.39 million value, down from 134,736 last quarter. Raytheon Co now has $57.08 billion valuation. The stock increased 2.13% or $4.11 during the last trading session, reaching $197.46. About 1.49M shares traded or 10.91% up from the average. Raytheon Company (NYSE:RTN) has risen 24.03% since January 14, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

The stock of Atlantic Power Corporation (NYSE:AT) is a huge mover today! The stock increased 4.35% or $0.1 during the last trading session, reaching $2.4. About 5.10M shares traded or 967.99% up from the average. Atlantic Power Corporation (NYSE:AT) has risen 1.69% since January 14, 2017 and is uptrending. It has underperformed by 15.01% the S&P500.The move comes after 6 months positive chart setup for the $277.50 million company. It was reported on Jan, 14 by Barchart.com. We have $2.59 PT which if reached, will make NYSE:AT worth $22.20 million more.

Investors sentiment decreased to 1.45 in Q3 2017. Its down 0.37, from 1.82 in 2017Q2. It dived, as 11 investors sold Atlantic Power Corporation shares while 27 reduced holdings. 15 funds opened positions while 40 raised stakes. 54.58 million shares or 3.48% more from 52.75 million shares in 2017Q2 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 10,368 shares or 0% of all its holdings. Fuller Thaler Asset Mngmt holds 1.14 million shares or 0.03% of its portfolio. Northern Tru Corp accumulated 1.09 million shares. First Quadrant Limited Partnership Ca has invested 0.01% in Atlantic Power Corporation (NYSE:AT). State Board Of Administration Of Florida Retirement holds 0% or 93,405 shares. Ny State Common Retirement Fund reported 0% in Atlantic Power Corporation (NYSE:AT). Principal Financial holds 0% or 17,744 shares in its portfolio. Bank Of America Corp De holds 0% or 90,101 shares in its portfolio. Numeric Invsts Ltd Liability Co, a Massachusetts-based fund reported 330,465 shares. Strs Ohio stated it has 261,000 shares or 0% of all its holdings. Macquarie Gru stated it has 73,276 shares. Connor Clark Lunn Inv Mngmt Ltd has invested 0.03% in Atlantic Power Corporation (NYSE:AT). 71,971 are owned by Metropolitan Life Insur Ny. Peak6 L P holds 0% or 22,075 shares. Quinn Opportunity Ltd has 0.03% invested in Atlantic Power Corporation (NYSE:AT) for 71,100 shares.

Analysts await Atlantic Power Corporation (NYSE:AT) to report earnings on March, 1. They expect $-0.04 EPS, up 20.00% or $0.01 from last year’s $-0.05 per share. After $0.03 actual EPS reported by Atlantic Power Corporation for the previous quarter, Wall Street now forecasts -233.33% negative EPS growth.

Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. The company has market cap of $277.50 million. As of December 31, 2016, its power generation projects had an aggregate gross electric generation capacity of approximately 2,138 megawatts consisting of interests in 23 operational power generation projects across 9 states in the United States and 2 provinces in Canada. It currently has negative earnings. The firm sells its electricity to utilities and other commercial customers.

Among 7 analysts covering AT&T (NYSE:AT), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. AT&T had 9 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Hold” on Monday, July 27. Citigroup upgraded the stock to “Buy” rating in Wednesday, September 2 report. The company was upgraded on Thursday, December 24 by National Bank Canada. As per Tuesday, October 17, the company rating was maintained by TD Securities. The rating was upgraded by National Bank Canada on Friday, March 3 to “Sector Perform”. The firm has “Neutral” rating by Goldman Sachs given on Monday, July 27. As per Friday, July 24, the company rating was maintained by FBR Capital. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Wednesday, March 9.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.09, from 1.12 in 2017Q2. It increased, as 42 investors sold RTN shares while 343 reduced holdings. 118 funds opened positions while 346 raised stakes. 205.51 million shares or 1.55% less from 208.75 million shares in 2017Q2 were reported. Advantus Capital Mgmt invested in 29,448 shares or 0.14% of the stock. Alphamark Advsr Limited Liability holds 25 shares. North Star Inv invested in 0.01% or 400 shares. Cookson Peirce And stated it has 3.12% of its portfolio in Raytheon Company (NYSE:RTN). Nippon Life has 11,423 shares for 0.04% of their portfolio. Marketfield Asset Mgmt Ltd Liability Corp holds 2.25% or 46,266 shares. Robeco Institutional Asset Bv stated it has 0.42% in Raytheon Company (NYSE:RTN). Lourd Cap Limited Liability Corp reported 1,590 shares. Winslow Management Llc holds 1.31M shares or 1.32% of its portfolio. Oregon-based M Hldg Securities has invested 0.11% in Raytheon Company (NYSE:RTN). Bahl Gaynor reported 5,643 shares. Weatherly Asset Lp reported 6,253 shares. Godshalk Welsh Cap invested 0.35% of its portfolio in Raytheon Company (NYSE:RTN). Town & Country Financial Bank & Tru Dba First Bankers Tru has 8,284 shares for 0.8% of their portfolio. Leuthold Grp Inc Inc Ltd Limited Liability Company owns 0.84% invested in Raytheon Company (NYSE:RTN) for 44,319 shares.

Since August 14, 2017, it had 0 buys, and 4 selling transactions for $1.08 million activity. 3,791 shares valued at $690,304 were sold by Lawrence Taylor W on Thursday, August 31. 650 Raytheon Company (NYSE:RTN) shares with value of $121,723 were sold by Jimenez Frank R. Long Letitia A had sold 650 shares worth $120,790. $149,378 worth of stock was sold by Clark Vernon E on Monday, August 14.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, January 12 by RBC Capital Markets. The firm earned “Top Pick” rating on Friday, October 23 by RBC Capital Markets. As per Thursday, September 3, the company rating was downgraded by Zacks. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Top Pick”. Robert W. Baird maintained Raytheon Company (NYSE:RTN) on Thursday, August 10 with “Buy” rating. RBC Capital Markets maintained Raytheon Company (NYSE:RTN) rating on Friday, June 2. RBC Capital Markets has “Buy” rating and $18100 target. The rating was maintained by Buckingham Research on Tuesday, October 31 with “Buy”. Buckingham Research maintained Raytheon Company (NYSE:RTN) on Friday, August 11 with “Buy” rating. Cowen & Co maintained the shares of RTN in report on Tuesday, April 11 with “Buy” rating. The company was downgraded on Tuesday, December 12 by J.P. Morgan.

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