Citizens Financial Group Inc. RI Takes Position in Altus Power, Inc. (NYSE:AMPS)

Citizens Financial Group Inc. RI acquired a new position in shares of Altus Power, Inc. (NYSE:AMPS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,050 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also modified their holdings of the company. Levin Capital Strategies L.P. bought a new stake in Altus Power during the fourth quarter valued at about $122,000. US Bancorp DE lifted its position in shares of Altus Power by 11,326.2% during the 4th quarter. US Bancorp DE now owns 9,598 shares of the company’s stock worth $39,000 after purchasing an additional 9,514 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Altus Power by 48.1% during the 4th quarter. Bank of New York Mellon Corp now owns 267,220 shares of the company’s stock valued at $1,088,000 after purchasing an additional 86,797 shares during the period. abrdn plc grew its holdings in Altus Power by 7.3% in the 4th quarter. abrdn plc now owns 1,550,200 shares of the company’s stock valued at $6,418,000 after buying an additional 105,800 shares during the last quarter. Finally, SG Americas Securities LLC increased its position 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 buying an additional 5,912 shares during the period. 46.55% of the stock is owned by institutional investors.

Altus Power Stock Performance

NYSE AMPS opened at $4.95 on Friday. 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 stock has a market cap of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98. The company’s 50-day simple moving average is $4.45 and its 200 day simple moving average is $3.88.

Wall Street Analyst Weigh In

AMPS has been the subject of several research reports. B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $6.00 to $5.00 in a research report on Friday, February 7th. Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of 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. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.06.

Insider Buying and Selling at Altus Power

In other news, insider Anthony Savino sold 8,823 shares of the business’s 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 transaction, the insider now directly owns 4,088,231 shares of the company’s stock, valued at $20,073,214.21. The trade was a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregg J. Felton sold 71,161 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $349,400.51. Following the sale, the chief executive officer now directly owns 4,023,696 shares of the company’s stock, valued at $19,756,347.36. This represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,146 shares of company stock valued at $437,707. 24.30% of the stock is currently owned by corporate insiders.

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.