Thompson Siegel & Walmsley LLC Cuts Stock Position in Fluence Energy, Inc. (NASDAQ:FLNC)

Thompson Siegel & Walmsley LLC trimmed its position in shares of Fluence Energy, Inc. (NASDAQ:FLNC) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 219,521 shares of the company’s stock after selling 6,299 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Fluence Energy were worth $4,985,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. ProShare Advisors LLC lifted its position in Fluence Energy by 8.5% during the first quarter. ProShare Advisors LLC now owns 10,539 shares of the company’s stock valued at $183,000 after acquiring an additional 830 shares during the last quarter. Vanguard Group Inc. grew its stake in Fluence Energy by 11.9% during the 1st quarter. Vanguard Group Inc. now owns 6,178,218 shares of the company’s stock worth $107,130,000 after buying an additional 656,839 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Fluence Energy by 10.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,689 shares of the company’s stock valued at $394,000 after buying an additional 2,081 shares in the last quarter. Comerica Bank raised its stake in Fluence Energy by 79.1% in the first quarter. Comerica Bank now owns 4,211 shares of the company’s stock valued at $73,000 after buying an additional 1,860 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Fluence Energy by 264.9% in the second quarter. GAMMA Investing LLC now owns 2,956 shares of the company’s stock worth $51,000 after acquiring an additional 2,146 shares in the last quarter. 53.16% of the stock is currently owned by institutional investors.

Fluence Energy Trading Down 3.3 %

Shares of NASDAQ FLNC opened at $21.18 on Friday. The stock has a market cap of $3.82 billion, a PE ratio of -111.47, a P/E/G ratio of 0.70 and a beta of 2.54. Fluence Energy, Inc. has a 12-month low of $12.74 and a 12-month high of $27.80. The company has a 50-day moving average of $21.28 and a 200 day moving average of $19.59.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Guggenheim raised shares of Fluence Energy from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, August 9th. Bank of America cut their price target on shares of Fluence Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Fluence Energy from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Robert W. Baird lowered their price target on shares of Fluence Energy from $34.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Finally, Barclays reduced their price objective on Fluence Energy from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.63.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.