Norges Bank bought a new stake in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 209,671 shares of the company's stock, valued at approximately $3,631,000. Norges Bank owned about 0.18% of Enlight Renewable Energy at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Enlight Renewable Energy during the third quarter worth $655,000. Barclays PLC raised 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 last quarter. Geode Capital Management LLC lifted its holdings in Enlight Renewable Energy by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after buying an additional 907 shares during the period. Tidal Investments LLC grew its position in shares of Enlight Renewable Energy by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after buying an additional 1,852 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Enlight Renewable Energy in the third quarter valued at about $4,901,000. 38.89% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ENLT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy in a research report on Thursday, March 6th. They issued a "buy" rating and a $22.00 price target on the stock. Finally, Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Enlight Renewable Energy has a consensus rating of "Moderate Buy" and an average price target of $20.25.
View Our Latest Stock Analysis on Enlight Renewable Energy
Enlight Renewable Energy Trading Up 2.6 %
ENLT stock traded up $0.39 during mid-day trading on Tuesday, reaching $15.60. The company's stock had a trading volume of 1,248 shares, compared to its average volume of 14,505. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 43.33 and a beta of 1.26. Enlight Renewable Energy Ltd has a 12 month low of $14.01 and a 12 month high of $18.48. The business's 50 day moving average price is $16.43 and its 200 day moving average price is $16.34. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $114.21 million during 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 3.03%. On average, equities research analysts predict that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.
About Enlight Renewable Energy
(
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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