CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Grows Stake in Equinix, Inc. $EQIX

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Equinix, Inc. (NASDAQ:EQIX - Free Report) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the financial services provider's stock after acquiring an additional 1,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Equinix were worth $3,182,000 as of its most recent filing with the Securities & Exchange Commission.2 Data Center REITs That Look Good in Any PortfolioA number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQIX. Brighton Jones LLC lifted its stake in Equinix by 28.9% in the 4th quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock worth $307,000 after purchasing an additional 73 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new position in shares of Equinix during the 4th quarter valued at $2,027,000. Vise Technologies Inc. grew its holdings in shares of Equinix by 45.8% during the 4th quarter. Vise Technologies Inc. now owns 847 shares of the financial services provider's stock valued at $799,000 after purchasing an additional 266 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Equinix by 2.4% during the 4th quarter. Sunbelt Securities Inc. now owns 692 shares of the financial services provider's stock valued at $647,000 after purchasing an additional 16 shares during the last quarter. Finally, Pinney & Scofield Inc. bought a new position in shares of Equinix during the 4th quarter valued at $28,000. 94.94% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their BetsIn related news, EVP Raouf Abdel sold 404 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the sale, the executive vice president directly owned 6,378 shares of the company's stock, valued at approximately $4,918,139.58. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction on Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the sale, the director directly owned 17,832 shares in the company, valued at $13,935,708. This trade represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock. Analysts Set New Price TargetsData Centers in Demand—This REIT Owns a Whole PortfolioSeveral research firms recently commented on EQIX. Cfra Research lowered shares of Equinix from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 31st. BMO Capital Markets lowered shares of Equinix from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $1,045.00 to $850.00 in a report on Thursday, June 26th. Wells Fargo & Company decreased their price objective on shares of Equinix from $1,065.00 to $925.00 and set an "overweight" rating on the stock in a research report on Thursday, June 26th. UBS Group decreased their price objective on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Bank of America decreased their price objective on shares of Equinix from $1,000.00 to $950.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. Five equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Equinix currently has a consensus rating of "Buy" and an average price target of $962.52.View Our Latest Analysis on EquinixEquinix Price PerformanceWhy Prologis May Be the Smartest Backdoor Bet on AI Real EstateEquinix stock opened at $791.25 on Monday. The stock has a market cap of $77.43 billion, a price-to-earnings ratio of 77.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54. Equinix, Inc. has a 1 year low of $701.41 and a 1 year high of $994.03. The firm has a 50-day moving average of $781.41 and a two-hundred day moving average of $818.17. Equinix (NASDAQ:EQIX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $9.91 EPS for the quarter, beating the consensus estimate of $3.49 by $6.42. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.22 EPS. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. On average, research analysts forecast that Equinix, Inc. will post 33.1 earnings per share for the current year. Equinix Announces DividendThe company also recently declared a quarterly dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, August 20th were issued a dividend of $4.69 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $18.76 dividend on an annualized basis and a yield of 2.4%. Equinix's dividend payout ratio is 183.74%. About Equinix (Free Report)Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.Further ReadingFive stocks we like better than EquinixInvesting in Commodities: What Are They? How to Invest in Them3 Overlooked Value Stocks Set to Surge as Rates DropWhat is Forex and How Does it Work? 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