KBC Group NV Has $4.81 Million Stock Position in Bloom Energy Co. (NYSE:BE)

KBC Group NV reduced its holdings in Bloom Energy Co. (NYSE:BE) by 58.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,408 shares of the company’s stock after selling 305,779 shares during the quarter. KBC Group NV owned about 0.09% of Bloom Energy worth $4,806,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp increased its stake in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares in the last quarter. GAMMA Investing LLC increased its stake in Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after purchasing an additional 569 shares in the last quarter. Xponance Inc. boosted its position in shares of Bloom Energy by 7.8% during the 2nd quarter. Xponance Inc. now owns 12,542 shares of the company’s stock worth $154,000 after purchasing an additional 903 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Bloom Energy by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company’s stock valued at $1,053,000 after buying an additional 1,000 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in Bloom Energy by 3.9% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,353 shares of the company’s stock valued at $374,000 after buying an additional 1,349 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BE has been the subject of a number of research reports. Susquehanna raised their price objective on Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, December 6th. Jefferies Financial Group lifted their price target on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, November 22nd. Piper Sandler upped their price objective on shares of Bloom Energy from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Monday. Hsbc Global Res upgraded shares of Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. Finally, Truist Financial upped their target price on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average target price of $23.13.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now owns 171,040 shares in the company, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the sale, the chief executive officer now owns 1,822,496 shares in the company, valued at $45,562,400. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,528 shares of company stock valued at $3,061,501 over the last ninety days. 8.81% of the stock is currently owned by insiders.

Bloom Energy Trading Up 5.6 %

Shares of BE stock opened at $23.63 on Friday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The firm has a market cap of $5.40 billion, a P/E ratio of -42.20 and a beta of 3.06. The company has a 50 day moving average of $24.64 and a 200-day moving average of $16.41. Bloom Energy Co. has a 12-month low of $8.41 and a 12-month high of $29.83.

Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.