Altus Power, Inc. (NYSE:AMPS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Altus Power, Inc. (NYSE:AMPS) by 47.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 794,546 shares of the company’s stock after selling 714,696 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.49% of Altus Power worth $3,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMPS. US Bancorp DE boosted 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 purchasing an additional 9,514 shares during the last quarter. HighTower Advisors LLC acquired a new position in Altus Power in the 3rd quarter valued at about $41,000. Citizens Financial Group Inc. RI acquired a new position in Altus Power in the 4th quarter valued at about $41,000. Intech Investment Management LLC acquired a new position in Altus Power in the 3rd quarter valued at about $86,000. Finally, Ballentine Partners LLC acquired a new position in Altus Power in the 4th quarter valued at about $112,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Altus Power news, CEO Gregg J. Felton sold 71,161 shares of the stock in a transaction that occurred 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 approximately $19,756,347.36. This represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dustin Weber sold 9,162 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $44,985.42. Following the completion of the sale, the chief financial officer now directly owns 2,002,611 shares in the company, valued at approximately $9,832,820.01. This represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,146 shares of company stock valued at $437,707 in the last ninety days. Company insiders own 24.30% of the company’s stock.

Altus Power Price Performance

Shares of AMPS opened at $4.95 on Monday. Altus Power, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $5.50. The firm’s 50 day moving average price is $4.45 and its 200 day moving average price is $3.89. The company has a market cap of $795.14 million, a P/E ratio of 22.48 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Wall Street Analysts Forecast Growth

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

Altus Power 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.