Invesco Ltd. lessened its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,615,421 shares of the company's stock after selling 197,008 shares during the period. Invesco Ltd. owned approximately 1.40% of Enlight Renewable Energy worth $27,858,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. bought a new position in Enlight Renewable Energy in the fourth quarter valued at approximately $145,000. Geode Capital Management LLC increased its holdings in Enlight Renewable Energy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 106,057 shares of the company's stock worth $1,829,000 after purchasing an additional 2,467 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Enlight Renewable Energy by 51.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock valued at $32,000 after purchasing an additional 625 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Enlight Renewable Energy by 19.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 125,865 shares of the company's stock valued at $2,178,000 after purchasing an additional 20,345 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Enlight Renewable Energy during the fourth quarter worth about $3,631,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy in a report on Thursday, March 6th. They issued a "buy" rating and a $22.00 price objective on the stock. Finally, Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Enlight Renewable Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.
Get Our Latest Analysis on Enlight Renewable Energy
Enlight Renewable Energy Stock Up 1.7 %
NASDAQ ENLT traded up $0.27 during trading hours on Wednesday, hitting $16.23. 281 shares of the company traded hands, compared to its average volume of 16,130. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 45.08 and a beta of 1.26. Enlight Renewable Energy Ltd has a twelve month low of $14.01 and a twelve month high of $18.48. The business's 50-day moving average is $16.31 and its 200-day moving average is $16.31. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. The business had revenue of $114.21 million during the quarter, compared to analysts' expectations of $289.04 million. Sell-side analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 earnings per share 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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