Karpus Management Inc. Increases Stock Holdings in CO2 Energy Transition Corp. $NOEM

Karpus Management Inc. lifted its position in shares of CO2 Energy Transition Corp. (NASDAQ:NOEM) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 783,521 shares of the company’s stock after buying an additional 62,275 shares during the quarter. Karpus Management Inc. owned approximately 8.17% of CO2 Energy Transition worth $7,890,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Clear Street LLC purchased a new position in CO2 Energy Transition during the 2nd quarter valued at about $108,000. Wolverine Asset Management LLC purchased a new stake in shares of CO2 Energy Transition in the second quarter valued at about $141,000. Dakota Wealth Management acquired a new stake in shares of CO2 Energy Transition in the second quarter valued at approximately $257,000. Westchester Capital Management LLC acquired a new stake in shares of CO2 Energy Transition in the first quarter valued at approximately $1,240,000. Finally, DLD Asset Management LP purchased a new position in shares of CO2 Energy Transition during the 1st quarter worth approximately $1,389,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CO2 Energy Transition in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

CO2 Energy Transition Stock Up 0.7%

Shares of NASDAQ:NOEM opened at $10.37 on Friday. The company has a market cap of $99.45 million and a P/E ratio of 115.22. The business has a fifty day simple moving average of $10.22 and a 200-day simple moving average of $10.14. CO2 Energy Transition Corp. has a 52 week low of $9.78 and a 52 week high of $10.78.

CO2 Energy Transition (NASDAQ:NOEM) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.05 earnings per share (EPS) for the quarter.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp., a Delaware corporation, is a blank check company incorporated on September 30, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.