Legal & General Group Plc Boosts Stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Legal & General Group Plc grew its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 504,508 shares of the company's stock after acquiring an additional 27,248 shares during the period. Legal & General Group Plc owned 0.44% of Enlight Renewable Energy worth $8,730,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Edmond DE Rothschild Holding S.A. grew its position in shares of Enlight Renewable Energy by 51.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,850 shares of the company's stock worth $32,000 after purchasing an additional 625 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Enlight Renewable Energy in the 4th quarter worth $145,000. Tidal Investments LLC boosted its holdings in shares of 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 purchasing an additional 1,852 shares during the last quarter. Barclays PLC grew its position in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Enlight Renewable Energy in the third quarter worth about $655,000. Hedge funds and other institutional investors own 38.89% of the company's stock.

Enlight Renewable Energy Stock Down 0.9 %

NASDAQ ENLT traded down $0.14 during trading on Thursday, hitting $16.01. The company's stock had a trading volume of 1,159 shares, compared to its average volume of 16,105. Enlight Renewable Energy Ltd has a fifty-two week low of $14.01 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.22 and a quick ratio of 0.53. The company has a market cap of $1.85 billion, a PE ratio of 44.47 and a beta of 1.26. The business's 50 day simple moving average is $16.29 and its 200-day simple moving average is $16.31.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $289.04 million. On average, equities analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Enlight Renewable Energy in a report on Thursday, March 6th. They issued a "buy" rating and a $22.00 target price for the company. Finally, 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Enlight Renewable Energy currently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

Enlight Renewable Energy Company Profile

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.