Vanguard Group Inc lifted its stake in Infrastructure and Energy Alternatives (NYSE:IEA) by 36.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 499,605 shares of the company’s stock after acquiring an additional 133,763 shares during the period. Vanguard Group Inc owned 2.32% of Infrastructure and Energy Alternatives worth $5,245,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of IEA. Virtu Financial LLC acquired a new stake in Infrastructure and Energy Alternatives in the 3rd quarter valued at approximately $143,000. Meeder Asset Management Inc. grew its holdings in shares of Infrastructure and Energy Alternatives by 17,744.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 18,380 shares of the company’s stock worth $193,000 after purchasing an additional 18,277 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth approximately $282,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth approximately $307,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Infrastructure and Energy Alternatives during the 2nd quarter worth approximately $394,000.
Several analysts have recently weighed in on IEA shares. DA Davidson started coverage on Infrastructure and Energy Alternatives in a report on Thursday, November 1st. They set a “neutral” rating and a $10.50 price objective on the stock. Zacks Investment Research raised Infrastructure and Energy Alternatives from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, November 1st.
Shares of NYSE:IEA traded down $0.31 during trading on Tuesday, hitting $8.26. 1,198 shares of the stock were exchanged, compared to its average volume of 19,879. Infrastructure and Energy Alternatives has a 1-year low of $7.05 and a 1-year high of $11.27.
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About Infrastructure and Energy Alternatives
Infrastructure and Energy Alternatives, Inc, an infrastructure construction company, provides engineering, procurement, construction, and maintenance services. It offers design, site development, construction, installation, and restoration of infrastructure services for the wind, solar, thermal, and biomass/alternative fuel power plants; and highways, bridges, and railroads, as well as provides other industrial services.
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