Clal Insurance Enterprises Holdings Ltd boosted its stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,789,561 shares of the company's stock after buying an additional 18,400 shares during the period. Enlight Renewable Energy makes up approximately 1.4% of Clal Insurance Enterprises Holdings Ltd's portfolio, making the stock its 22nd biggest position. Clal Insurance Enterprises Holdings Ltd owned about 7.60% of Enlight Renewable Energy worth $151,927,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake in shares of Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock valued at $241,000 after buying an additional 13,150 shares in the last quarter. Tidal Investments LLC boosted its holdings in Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after acquiring an additional 1,852 shares during the period. Barclays PLC grew its position in Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after acquiring an additional 24,942 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Enlight Renewable Energy during the third quarter worth about $655,000. Finally, Geode Capital Management LLC lifted its position in shares of Enlight Renewable Energy by 0.9% during the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after purchasing an additional 907 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on ENLT. Wolfe Research downgraded shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Barclays upped their price objective on Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd.
Read Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Stock Down 1.1 %
NASDAQ:ENLT traded down $0.19 during mid-day trading on Wednesday, hitting $16.61. The stock had a trading volume of 3,712 shares, compared to its average volume of 15,651. Enlight Renewable Energy Ltd has a twelve month low of $14.09 and a twelve month high of $18.48. The stock has a 50-day simple moving average of $16.90 and a two-hundred day simple moving average of $16.34. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $1.92 billion, a PE ratio of 46.14 and a beta of 1.37.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.17. The business had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. On average, equities research analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
Enlight Renewable Energy Profile
(
Free Report)
Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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