Enlight Renewable Energy Ltd (NASDAQ:ENLT) Shares Acquired by Meitav Investment House Ltd.

Meitav Investment House Ltd. boosted its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,901,179 shares of the company's stock after buying an additional 229,255 shares during the period. Enlight Renewable Energy accounts for about 1.7% of Meitav Investment House Ltd.'s investment portfolio, making the stock its 18th biggest holding. Meitav Investment House Ltd. owned approximately 5.11% of Enlight Renewable Energy worth $101,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in shares of Enlight Renewable Energy by 1,181.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock valued at $241,000 after purchasing an additional 13,150 shares during the last quarter. Tidal Investments LLC grew its position in Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after purchasing an additional 1,852 shares during the period. Barclays PLC grew its position in Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock worth $432,000 after purchasing an additional 24,942 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Enlight Renewable Energy during the 3rd quarter valued at about $655,000. Finally, Geode Capital Management LLC grew its position in shares of Enlight Renewable Energy by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock valued at $1,751,000 after acquiring an additional 907 shares during the period. Hedge funds and other institutional investors own 38.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wolfe Research cut Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Friday, November 15th.

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock traded down $0.07 during midday trading on Friday, reaching $17.95. The company had a trading volume of 9,528 shares, compared to its average volume of 18,004. The company has a market capitalization of $2.05 billion, a P/E ratio of 49.86 and a beta of 1.51. Enlight Renewable Energy Ltd has a 12-month low of $14.09 and a 12-month high of $18.48. The firm's fifty day simple moving average is $16.74 and its 200-day simple moving average is $16.27. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings results 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 firm 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 3.02%. As a group, equities analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.

About Enlight Renewable Energy

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.