Advisors Asset Management Inc. Increases Stock Position in OPAL Fuels Inc. (NASDAQ:OPAL)

Advisors Asset Management Inc. raised its holdings in OPAL Fuels Inc. (NASDAQ:OPALFree Report) by 27.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,005 shares of the company’s stock after purchasing an additional 9,223 shares during the period. Advisors Asset Management Inc.’s holdings in OPAL Fuels were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of OPAL Fuels by 179.5% in the third quarter. Northern Trust Corp now owns 35,056 shares of the company’s stock valued at $287,000 after purchasing an additional 22,513 shares in the last quarter. Stifel Financial Corp acquired a new stake in OPAL Fuels during the third quarter worth approximately $498,000. Invesco Ltd. acquired a new stake in OPAL Fuels during the third quarter worth approximately $7,816,000. Iridian Asset Management LLC CT boosted its position in OPAL Fuels by 52.9% during the third quarter. Iridian Asset Management LLC CT now owns 74,873 shares of the company’s stock worth $614,000 after acquiring an additional 25,897 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in OPAL Fuels during the third quarter worth approximately $125,000. Hedge funds and other institutional investors own 11.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OPAL. Stifel Nicolaus decreased their target price on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. B. Riley decreased their price target on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, OPAL Fuels currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.51.

Check Out Our Latest Stock Analysis on OPAL

OPAL Fuels Stock Down 1.0 %

Shares of OPAL opened at $4.75 on Wednesday. The company’s fifty day moving average is $4.90 and its two-hundred day moving average is $5.91. OPAL Fuels Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $8.63. The firm has a market cap of $818.76 million, a PE ratio of 6.17 and a beta of 0.51.

About OPAL Fuels

(Free Report)

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.

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Institutional Ownership by Quarter for OPAL Fuels (NASDAQ:OPAL)

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