Raymond James & Associates trimmed its position in EVgo, Inc. (NYSE:EVGO – Free Report) by 17.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,181 shares of the company’s stock after selling 6,126 shares during the period. Raymond James & Associates’ holdings in EVgo were worth $113,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of EVGO. Vanguard Group Inc. boosted its holdings in shares of EVgo by 121.6% during the 1st quarter. Vanguard Group Inc. now owns 5,882,535 shares of the company’s stock worth $75,649,000 after purchasing an additional 3,228,340 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in shares of EVgo during the 1st quarter worth approximately $32,188,000. State Street Corp boosted its holdings in shares of EVgo by 98.9% during the 2nd quarter. State Street Corp now owns 1,924,787 shares of the company’s stock worth $11,568,000 after purchasing an additional 957,132 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of EVgo during the 1st quarter worth approximately $9,360,000. Finally, Northern Trust Corp lifted its holdings in EVgo by 374.4% in the second quarter. Northern Trust Corp now owns 581,313 shares of the company’s stock valued at $3,493,000 after acquiring an additional 458,765 shares during the last quarter. 15.19% of the stock is currently owned by institutional investors and hedge funds.
EVgo Stock Up 9.5 %
Shares of NYSE EVGO opened at $2.76 on Tuesday. The firm has a market cap of $825.76 million, a price-to-earnings ratio of -6.73 and a beta of 2.11. EVgo, Inc. has a 52-week low of $1.88 and a 52-week high of $8.16. The business’s 50 day moving average is $3.06 and its two-hundred day moving average is $3.95.
Analyst Ratings Changes
A number of research firms recently commented on EVGO. Royal Bank of Canada began coverage on EVgo in a report on Friday, September 8th. They issued a “sector perform” rating and a $5.00 price objective on the stock. TD Cowen cut EVgo from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $6.00 to $4.00 in a report on Wednesday, October 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.79.
EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.
- Five stocks we like better than EVgo
- Earnings Per Share Calculator: How to Calculate EPS
- Catch the dip on Sociedad Quimica before earnings?
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Can new GPT store spur generative AI monetization?
- How to Invest in the FAANG Stocks
- Energy looks to dominate markets with 3 oil and gas stocks
Receive News & Ratings for EVgo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVgo and related companies with MarketBeat.com's FREE daily email newsletter.