Capital Advisors Wealth Management LLC Purchases 3,080 Shares of EVgo, Inc. (NYSE:EVGO)

Capital Advisors Wealth Management LLC boosted its position in shares of EVgo, Inc. (NYSE:EVGO) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,659 shares of the company’s stock after acquiring an additional 3,080 shares during the period. Capital Advisors Wealth Management LLC’s holdings in EVgo were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of EVgo by 121.6% during the first quarter. Vanguard Group Inc. now owns 5,882,535 shares of the company’s stock valued at $75,649,000 after buying an additional 3,228,340 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of EVgo in the 1st quarter valued at $32,188,000. State Street Corp raised its holdings in shares of EVgo by 98.9% during the second 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 purchased a new stake in EVgo in the first quarter valued at $9,360,000. Finally, Northern Trust Corp boosted 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 purchasing an additional 458,765 shares during the last quarter. 15.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Dennis G. Kish sold 37,844 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $4.89, for a total value of $185,057.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Olga Shevorenkova sold 5,838 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $5.00, for a total transaction of $29,190.00. Following the completion of the transaction, the chief financial officer now owns 52,982 shares of the company’s stock, valued at approximately $264,910. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Dennis G. Kish sold 37,844 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $4.89, for a total value of $185,057.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,282 shares of company stock worth $217,091. Insiders own 73.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EVGO. Northland Securities lowered their target price on EVgo from $9.00 to $7.00 in a research note on Wednesday, May 24th. Royal Bank of Canada initiated coverage on shares of EVgo in a report on Friday, September 8th. They set a “sector perform” rating and a $5.00 price target on the stock. Finally, Citigroup decreased their price objective on shares of EVgo from $6.20 to $5.10 in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, EVgo currently has a consensus rating of “Moderate Buy” and an average target price of $7.91.

EVgo Stock Down 5.3 %

EVgo stock opened at $3.73 on Tuesday. The company has a fifty day simple moving average of $4.21 and a 200-day simple moving average of $4.87. EVgo, Inc. has a 52-week low of $3.45 and a 52-week high of $9.50.

EVgo (NYSE:EVGO) last released its earnings results on Wednesday, August 2nd. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.14. The business had revenue of $50.55 million during the quarter, compared to analysts’ expectations of $29.46 million. During the same period last year, the business earned ($0.51) earnings per share. The company’s revenue for the quarter was up 457.0% compared to the same quarter last year. Equities analysts anticipate that EVgo, Inc. will post -1.01 EPS for the current fiscal year.

EVgo Profile

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.