Pictet Asset Management Holding SA boosted its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,865 shares of the company's stock after purchasing an additional 20,345 shares during the quarter. Pictet Asset Management Holding SA owned about 0.11% of Enlight Renewable Energy worth $2,178,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Enlight Renewable Energy in the third quarter valued at approximately $655,000. Barclays PLC grew its holdings in Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after buying an additional 24,942 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Enlight Renewable Energy by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock worth $1,751,000 after acquiring an additional 907 shares during the last quarter. Tidal Investments LLC raised 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 worth $308,000 after acquiring an additional 1,852 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Enlight Renewable Energy during the 3rd quarter valued at about $4,901,000. Hedge funds and other institutional investors own 38.89% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ENLT. Wolfe Research cut Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Enlight Renewable Energy in a research report on Thursday, March 6th. They set a "buy" rating and a $22.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report 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 a consensus rating of "Moderate Buy" and an average target price of $20.25.
Check Out Our Latest Analysis on Enlight Renewable Energy
Enlight Renewable Energy Stock Up 1.2 %
NASDAQ:ENLT traded up $0.18 during trading hours on Wednesday, hitting $15.20. The company's stock had a trading volume of 121,056 shares, compared to its average volume of 16,328. The stock has a market capitalization of $1.76 billion, a P/E ratio of 42.22 and a beta of 1.26. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98. The stock has a fifty day moving average of $16.53 and a 200-day moving average of $16.36. Enlight Renewable Energy Ltd has a 52-week low of $14.01 and a 52-week high of $18.48.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate 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 analysts forecast that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current year.
Enlight Renewable Energy Company Profile
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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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