The Manufacturers Life Insurance Company has increased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 21.8% during the fourth quarter, according to its latest filing with the Securities & Exchange Commission. The firm now owns 774,586 shares of the electronics maker’s stock, valued at $89,565,000, representing 2.06% of Advanced Energy Industries.
Other institutional investors have also adjusted their holdings in Advanced Energy Industries. Charles Schwab Investment Management Inc. increased its holdings by 4.2%, while Proficio Capital Partners LLC established a new stake valued at $3,971,000. Fort Washington Investment Advisors Inc. OH and Amundi also grew their holdings by 10.2% and 192.6%, respectively. Alpha DNA Investment Management LLC acquired a new stake worth approximately $487,000.
Currently, 99.67% of Advanced Energy Industries’ stock is owned by institutional investors and hedge funds. The company’s stock opened at $97.23 on Wednesday, with a fifty-two week low of $75.01 and a high of $132.16. Advanced Energy Industries has a market capitalization of $3.68 billion and a price-to-earnings ratio of 67.99.
In recent news, Advanced Energy Industries announced a quarterly dividend of $0.10 per share, payable on Friday, June 6th, to investors of record on Saturday, May 24th. The company’s ex-dividend date is Friday, May 23rd. Analysts have set a consensus target price of $125.22 for Advanced Energy Industries, with a consensus rating of ‘Moderate Buy’.
