Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton Sells 71,161 Shares

Altus Power, Inc. (NYSE:AMPS) CEO Gregg J. Felton sold 71,161 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 $349,400.51. Following the sale, the chief executive officer now owns 4,023,696 shares of the company’s stock, valued at $19,756,347.36. This trade represents a 1.74 % 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 Price Performance

NYSE:AMPS opened at $4.90 on Tuesday. The firm’s fifty day moving average is $4.20 and its two-hundred day moving average is $3.70. The firm has a market cap of $787.12 million, a price-to-earnings ratio of 22.25 and a beta of 1.05. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. Altus Power, Inc. has a one year low of $2.71 and a one year high of $7.01.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMPS shares. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. 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 downgraded Altus Power from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Finally, 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Altus Power currently has an average rating of “Hold” and a consensus price target of $5.06.

Institutional Trading of Altus Power

A number of hedge funds have recently modified their holdings of AMPS. Janus Henderson Group PLC lifted its stake in shares of Altus Power by 9.0% in the 3rd quarter. Janus Henderson Group PLC now owns 44,792 shares of the company’s stock valued at $142,000 after purchasing an additional 3,709 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Altus Power by 8.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 54,512 shares of the company’s stock worth $222,000 after purchasing an additional 4,395 shares in the last quarter. ProShare Advisors LLC grew its holdings in Altus Power by 11.5% in the fourth quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock valued at $203,000 after purchasing an additional 5,143 shares during the period. HTG Investment Advisors Inc. increased its position in shares of Altus Power by 8.6% in the third quarter. HTG Investment Advisors Inc. now owns 65,148 shares of the company’s stock valued at $207,000 after buying an additional 5,148 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Altus Power by 19.6% during 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. Hedge funds and other institutional investors own 46.55% of the company’s stock.

About Altus Power

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.