290,024 Shares in Enlight Renewable Energy Ltd (NASDAQ:ENLT) Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. purchased a new position in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 290,024 shares of the company's stock, valued at approximately $4,901,000. JPMorgan Chase & Co. owned about 0.25% of Enlight Renewable Energy as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ENLT. Advisors Asset Management Inc. raised its holdings in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock worth $241,000 after purchasing an additional 13,150 shares in the last quarter. Susquehanna International Group Ltd. acquired a new stake in Enlight Renewable Energy during the second quarter worth approximately $253,000. Tidal Investments LLC raised its holdings in Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock worth $308,000 after purchasing an additional 1,852 shares in the last quarter. Barclays PLC raised its holdings in Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company's stock worth $432,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy during the third quarter worth approximately $655,000. Hedge funds and other institutional investors own 38.89% of the company's stock.

Enlight Renewable Energy Price Performance

Shares of NASDAQ ENLT traded up $0.50 during trading on Friday, hitting $17.10. 47,488 shares of the company were exchanged, compared to its average volume of 23,298. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 38.86 and a beta of 1.53. Enlight Renewable Energy Ltd has a 1 year low of $14.09 and a 1 year high of $18.48. The firm's fifty day moving average price is $16.51 and its 200 day moving average price is $16.14. 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 earnings results on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The company had revenue of $109.50 million for the quarter, compared to analyst estimates of $83.09 million. During the same period in the previous year, the firm earned $0.13 EPS. The business's revenue was up 87.8% on a year-over-year basis. On average, sell-side analysts expect that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Friday, November 15th.

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.