Stifel Financial Corp Invests $57,000 in Altus Power, Inc. (NYSE:AMPS)

Stifel Financial Corp purchased a new position in shares of Altus Power, Inc. (NYSE:AMPS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,099 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors have also modified their holdings of AMPS. US Bancorp DE lifted its holdings in Altus Power by 11,326.2% in the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock valued at $39,000 after acquiring an additional 9,514 shares during the last quarter. SevenBridge Financial Group LLC purchased a new stake in Altus Power during the fourth quarter valued at about $41,000. Citizens Financial Group Inc. RI purchased a new stake in Altus Power during the fourth quarter valued at about $41,000. KLP Kapitalforvaltning AS purchased a new stake in Altus Power during the fourth quarter valued at about $53,000. Finally, Ballentine Partners LLC purchased a new stake in Altus Power during the fourth quarter valued at about $112,000. Institutional investors own 46.55% of the company’s stock.

Insider Buying and Selling

In related news, CFO Dustin Weber sold 15,480 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $4.96, for a total value of $76,780.80. Following the transaction, the chief financial officer now owns 1,966,208 shares in the company, valued at approximately $9,752,391.68. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Anthony Savino sold 8,823 shares of the stock in a transaction that occurred 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 in the company, valued at $20,073,214.21. This represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,422 shares of company stock worth $1,093,796. Insiders own 24.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMPS. Roth Capital lowered shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. UBS Group lowered shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research note on Monday, February 10th. Roth Mkm reaffirmed a “neutral” rating and set a $5.00 price objective on shares of Altus Power in a research note on Friday, March 21st. B. Riley downgraded Altus Power from a “buy” rating to a “neutral” rating and dropped their target price for the company from $6.00 to $5.00 in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upgraded Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.86.

Altus Power Price Performance

Shares of AMPS opened at $5.00 on Friday. The company has a market capitalization of $801.30 million, a price-to-earnings ratio of 22.70 and a beta of 0.94. Altus Power, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average is $4.98 and its 200-day moving average is $4.43.

Altus Power (NYSE:AMPS) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.28). Altus Power had a return on equity of 4.79% and a net margin of 19.18%. The firm had revenue of $44.47 million during the quarter, compared to analyst estimates of $46.64 million. Equities research analysts expect that Altus Power, Inc. will post 0.14 EPS for the current fiscal 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.