Natixis Advisors LLC Has $1.68 Million Stock Holdings in Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis Advisors LLC raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 116.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,421 shares of the semiconductor company's stock after buying an additional 13,160 shares during the period. Natixis Advisors LLC's holdings in Enphase Energy were worth $1,677,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Avior Wealth Management LLC increased its holdings in Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 279 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Enphase Energy during the 3rd quarter worth approximately $34,000. Quarry LP bought a new stake in shares of Enphase Energy in the 3rd quarter worth approximately $37,000. Brooklyn Investment Group bought a new position in Enphase Energy during the 3rd quarter worth $55,000. Finally, Venturi Wealth Management LLC increased its position in Enphase Energy by 318.1% in the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares during the period. Hedge funds and other institutional investors own 72.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENPH. Morgan Stanley dropped their price objective on shares of Enphase Energy from $68.00 to $67.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Craig Hallum reduced their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Truist Financial reaffirmed a "hold" rating and set a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a research note on Thursday, January 16th. Canaccord Genuity Group raised Enphase Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from $76.00 to $82.00 in a research note on Wednesday, February 5th. Finally, Susquehanna reduced their price objective on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Enphase Energy has a consensus rating of "Hold" and an average price target of $90.42.

Remove Ads

Insiders Place Their Bets

In related news, CFO Mandy Yang sold 1,319 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares of the company's stock, valued at approximately $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thurman J. Rodgers sold 100,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, valued at $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.40% of the company's stock.

Enphase Energy Stock Down 5.0 %

Shares of ENPH traded down $3.13 during trading hours on Wednesday, hitting $59.64. 1,238,443 shares of the company were exchanged, compared to its average volume of 3,908,625. The firm's 50 day moving average is $62.45 and its 200-day moving average is $76.39. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The company has a market cap of $7.90 billion, a PE ratio of 80.50 and a beta of 2.12.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities research analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.