AEGON ASSET MANAGEMENT UK Plc boosted its position in shares of Plug Power Inc. (NASDAQ:PLUG - Get Rating) by 55.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,465,380 shares of the electronics maker's stock after purchasing an additional 524,681 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.25% of Plug Power worth $18,112,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Cetera Advisor Networks LLC boosted its stake in Plug Power by 2.6% during the 2nd quarter. Cetera Advisor Networks LLC now owns 18,863 shares of the electronics maker's stock valued at $312,000 after acquiring an additional 480 shares during the last quarter. Private Advisor Group LLC boosted its stake in Plug Power by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 35,985 shares of the electronics maker's stock valued at $756,000 after acquiring an additional 619 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Plug Power by 0.9% during the 2nd quarter. Natixis Advisors L.P. now owns 79,424 shares of the electronics maker's stock valued at $1,316,000 after acquiring an additional 723 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Plug Power by 7.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 11,695 shares of the electronics maker's stock valued at $246,000 after acquiring an additional 782 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Plug Power by 7.9% during the 1st quarter. US Bancorp DE now owns 11,362 shares of the electronics maker's stock valued at $324,000 after acquiring an additional 833 shares during the last quarter. 52.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on PLUG shares. Citigroup reduced their price target on shares of Plug Power from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Sunday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Plug Power from $24.00 to $23.00 and set an "overweight" rating on the stock in a research report on Thursday, March 2nd. Susquehanna reduced their price target on shares of Plug Power from $28.00 to $25.00 in a research report on Thursday, January 26th. Morgan Stanley reduced their price target on shares of Plug Power from $48.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 10th. Finally, Piper Sandler reduced their price target on shares of Plug Power from $20.00 to $17.00 in a research report on Thursday, March 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $23.86.
Plug Power Price Performance
Plug Power stock traded down $0.08 during trading hours on Wednesday, hitting $11.44. 1,728,118 shares of the company traded hands, compared to its average volume of 17,487,207. The company has a quick ratio of 4.19, a current ratio of 5.20 and a debt-to-equity ratio of 0.12. The firm's 50-day simple moving average is $15.05 and its two-hundred day simple moving average is $16.94. Plug Power Inc. has a 1-year low of $10.73 and a 1-year high of $32.05.
Plug Power Profile
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Plug Power, Inc provides alternative energy technology, which focuses on the design, development, commercialization, and manufacture of hydrogen and fuel cell systems used primarily for the material handling and stationary power markets. Its fuel cell system solution is designed to replace lead-acid batteries in electric material handling vehicles and industrial trucks for some distribution and manufacturing businesses.
See Also
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