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

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton sold 71,161 shares of Altus Power stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $349,400.51. Following the transaction, the chief executive officer now owns 4,023,696 shares of the company’s stock, valued at $19,756,347.36. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Altus Power Price Performance

NYSE:AMPS opened at $4.93 on Wednesday. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $7.01. The stock has a 50 day moving average of $4.22 and a two-hundred day moving average of $3.71. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm has a market cap of $791.92 million, a P/E ratio of 22.39 and a beta of 1.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group lowered Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a research note on Thursday, February 6th. Seaport Res Ptn lowered Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, B. Riley lowered Altus Power from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.06.

Institutional Investors Weigh In On Altus Power

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Altus Power by 27.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,699 shares of the company’s stock worth $1,570,000 after purchasing an additional 83,911 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Altus Power by 51.3% during the 4th quarter. Squarepoint Ops LLC now owns 107,859 shares of the company’s stock worth $439,000 after purchasing an additional 36,550 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Altus Power by 11.5% during the 4th quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock worth $203,000 after purchasing an additional 5,143 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Altus Power by 148.3% during the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock worth $2,655,000 after purchasing an additional 389,605 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Altus Power by 13.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock worth $249,000 after purchasing an additional 7,428 shares during the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

About Altus Power

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.