Bank of New York Mellon Corp Has $802,000 Position in EnerNOC, Inc. (ENOC)

Bank of New York Mellon Corp lowered its stake in EnerNOC, Inc. (NASDAQ:ENOC) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,604 shares of the business services provider’s stock after selling 8,315 shares during the period. Bank of New York Mellon Corp owned about 0.46% of EnerNOC worth $802,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in EnerNOC by 1.0% in the fourth quarter. State Street Corp now owns 459,670 shares of the business services provider’s stock valued at $2,756,000 after buying an additional 4,523 shares during the period. Norges Bank purchased a new stake in EnerNOC during the fourth quarter valued at about $1,254,000. Acadian Asset Management LLC increased its stake in EnerNOC by 64.9% in the first quarter. Acadian Asset Management LLC now owns 201,812 shares of the business services provider’s stock valued at $1,212,000 after buying an additional 79,464 shares during the period. First Trust Advisors LP increased its stake in EnerNOC by 4.3% in the first quarter. First Trust Advisors LP now owns 177,713 shares of the business services provider’s stock valued at $1,066,000 after buying an additional 7,326 shares during the period. Finally, Horrell Capital Management Inc. purchased a new stake in EnerNOC during the first quarter valued at about $300,000. 49.66% of the stock is currently owned by hedge funds and other institutional investors.

EnerNOC, Inc. (NASDAQ:ENOC) opened at 7.65 on Friday. EnerNOC, Inc. has a 12-month low of $4.80 and a 12-month high of $7.78. The stock has a 50 day moving average of $7.61 and a 200 day moving average of $6.10.

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Several research analysts have weighed in on the stock. Canaccord Genuity reissued a “hold” rating and set a $7.67 price objective on shares of EnerNOC in a report on Friday, June 23rd. Zacks Investment Research lowered shares of EnerNOC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Needham & Company LLC lowered shares of EnerNOC from a “buy” rating to a “hold” rating in a report on Monday, June 26th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of EnerNOC in a report on Friday, June 23rd. Finally, Robert W. Baird lowered shares of EnerNOC from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $11.00 to $8.00 in a report on Friday, June 23rd. Six analysts have rated the stock with a hold rating, EnerNOC currently has an average rating of “Hold” and a consensus target price of $7.92.

About EnerNOC

EnerNOC, Inc is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management.

Institutional Ownership by Quarter for EnerNOC (NASDAQ:ENOC)

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