Dustin Weber Sells 9,162 Shares of Altus Power, Inc. (NYSE:AMPS) Stock

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 9,162 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $44,985.42. Following the sale, the chief financial officer now owns 2,002,611 shares of the company’s stock, valued at $9,832,820.01. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Altus Power Stock Up 0.7 %

Shares of AMPS opened at $4.93 on Wednesday. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $7.01. 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 company has a market capitalization of $791.92 million, a price-to-earnings ratio of 22.39 and a beta of 1.05. The stock’s 50-day moving average price is $4.22 and its 200-day moving average price is $3.71.

Institutional Trading of Altus Power

Several institutional investors have recently bought and sold shares of AMPS. US Bancorp DE grew its holdings 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 during the period. Iridian Asset Management LLC CT acquired a new position in Altus Power during the third quarter worth $40,000. HighTower Advisors LLC acquired a new position in Altus Power during the third quarter worth $41,000. Citizens Financial Group Inc. RI purchased a new stake in Altus Power in the fourth quarter valued at $41,000. Finally, SevenBridge Financial Group LLC purchased a new stake in Altus Power in the fourth quarter valued at $41,000. 46.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.