Phoenix Financial Ltd. boosted its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,254,495 shares of the company's stock after purchasing an additional 372,403 shares during the quarter. Phoenix Financial Ltd. owned about 1.09% of Enlight Renewable Energy worth $21,634,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meitav Investment House Ltd. boosted its holdings in shares of Enlight Renewable Energy by 4.0% during the fourth quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock worth $101,910,000 after acquiring an additional 229,255 shares during the period. Vanguard Group Inc. boosted its stake in Enlight Renewable Energy by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,158,533 shares of the company's stock valued at $71,926,000 after purchasing an additional 35,555 shares during the period. Y.D. More Investments Ltd grew its holdings in Enlight Renewable Energy by 18.6% in the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after buying an additional 482,129 shares in the last quarter. Legal & General Group Plc increased its position in Enlight Renewable Energy by 5.7% during the 4th quarter. Legal & General Group Plc now owns 504,508 shares of the company's stock worth $8,730,000 after buying an additional 27,248 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Enlight Renewable Energy during the third quarter worth $4,901,000. 38.89% of the stock is currently owned by institutional investors and hedge funds.
Enlight Renewable Energy Price Performance
Shares of NASDAQ:ENLT traded up $0.02 during midday trading on Tuesday, hitting $15.23. The stock had a trading volume of 774 shares, compared to its average volume of 16,265. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $1.76 billion, a P/E ratio of 42.29 and a beta of 1.26. The company's 50-day moving average price is $16.43 and its 200-day moving average price is $16.34. Enlight Renewable Energy Ltd has a fifty-two week low of $14.01 and a fifty-two week high of $18.48.
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, topping the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. The firm had revenue of $114.21 million during the quarter, compared to analysts' expectations of $289.04 million. As a group, equities research analysts predict that Enlight Renewable Energy Ltd will post 0.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ENLT shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a "buy" rating and a $22.00 price target on the stock. Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.25.
Check Out Our Latest Research Report on ENLT
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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