Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Archaea Energy Inc. (NYSE:LFG – Get Rating) by 84.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,570 shares of the company's stock after purchasing an additional 34,675 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Archaea Energy worth $1,174,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. increased its position in shares of Archaea Energy by 41.0% during the 2nd quarter. Alps Advisors Inc. now owns 514,324 shares of the company's stock valued at $7,987,000 after purchasing an additional 149,501 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Archaea Energy by 34.0% in the 2nd quarter. Principal Financial Group Inc. now owns 20,074 shares of the company's stock worth $312,000 after buying an additional 5,094 shares during the period. Swiss National Bank purchased a new stake in Archaea Energy in the 2nd quarter worth approximately $2,033,000. Shell Asset Management Co. purchased a new stake in Archaea Energy in the 2nd quarter worth approximately $75,000. Finally, TownSquare Capital LLC purchased a new stake in Archaea Energy in the 2nd quarter worth approximately $460,000. 87.87% of the stock is currently owned by institutional investors.
Get Archaea Energy alerts:Archaea Energy Stock Down 0.2 %
LFG stock opened at $25.88 on Friday. Archaea Energy Inc. has a twelve month low of $12.59 and a twelve month high of $26.11. The company has a quick ratio of 2.66, a current ratio of 2.78 and a debt-to-equity ratio of 2.21. The firm has a market cap of $3.12 billion, a PE ratio of -43.13 and a beta of 1.21. The business has a 50 day moving average of $22.88 and a 200 day moving average of $19.72.
Analyst Upgrades and Downgrades
Several research firms have weighed in on LFG. Wells Fargo & Company cut Archaea Energy from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $25.00 to $26.00 in a report on Monday, November 14th. US Capital Advisors restated a "hold" rating on shares of Archaea Energy in a research note on Wednesday, October 26th.About Archaea Energy
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Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It operates through two segments, RNG and Power. As of December 31, 2021, it owns and operates a diversified portfolio of 29 landfill gas recovery and processing projects across 18 states, including 11 operated facilities that produce pipeline-quality RNG and 18 LFG to renewable electricity production facilities.
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