Dimensional Fund Advisors LP Boosts Holdings in Altus Power, Inc. (NYSE:AMPS)

Dimensional Fund Advisors LP grew its position in shares of Altus Power, Inc. (NYSE:AMPS) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,648,599 shares of the company’s stock after purchasing an additional 263,393 shares during the period. Dimensional Fund Advisors LP owned approximately 2.27% of Altus Power worth $14,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in Altus Power by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 36,058 shares of the company’s stock worth $147,000 after acquiring an additional 5,912 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Altus Power by 23.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 34,656 shares of the company’s stock worth $141,000 after purchasing an additional 6,524 shares during the last quarter. US Bancorp DE raised its stake in Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company’s stock valued at $39,000 after purchasing an additional 9,514 shares in the last quarter. American Century Companies Inc. lifted its position in Altus Power by 11.4% during the fourth quarter. American Century Companies Inc. now owns 95,816 shares of the company’s stock valued at $390,000 after purchasing an additional 9,794 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Altus Power by 9.4% in the 4th quarter. Wells Fargo & Company MN now owns 115,838 shares of the company’s stock worth $471,000 after buying an additional 9,957 shares in the last quarter. Hedge funds and other institutional investors own 46.55% of the company’s stock.

Insider Activity

In other Altus Power news, CFO Dustin Weber sold 15,480 shares of the company’s 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 transaction, the chief financial officer now directly owns 1,966,208 shares in the company, valued at approximately $9,752,391.68. This represents a 0.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony Savino sold 8,823 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $43,320.93. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 221,422 shares of company stock valued at $1,093,796. Company insiders own 24.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMPS shares. Roth Capital downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Friday, February 7th. JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Thursday, February 6th. Finally, Roth Mkm reissued a “neutral” rating and set a $5.00 price target on shares of Altus Power in a research note on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.13.

Altus Power Trading Down 0.1 %

Shares of AMPS opened at $5.00 on Friday. The stock has a market capitalization of $801.30 million, a P/E ratio of 22.70 and a beta of 0.94. Altus Power, Inc. has a twelve month low of $2.71 and a twelve month high of $5.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm has a fifty day simple moving average of $4.97 and a two-hundred day simple moving average of $4.37.

Altus Power (NYSE:AMPS) last posted its 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 anticipate that Altus Power, Inc. will post 0.14 EPS for the current 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.