Rep. Julie Johnson Purchases Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Representative Julie Johnson (D-Texas) recently bought shares of Enphase Energy, Inc. NASDAQ: ENPH. In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Enphase Energy stock on January 15th. The trade occurred in the Representative's "MERRILL LYNCH TAX EFFICIENT CORE" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 1/28/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 1/28/2025.
• Sold $1,001 - $15,000 in shares of ALLETE NYSE: ALE on 1/28/2025.
• Sold $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 1/27/2025.
• Purchased $1,001 - $15,000 in shares of Progressive NYSE: PGR on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 1/24/2025.
• Sold $1,001 - $15,000 in shares of Morgan Stanley NYSE: MS on 1/24/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/17/2025.

Enphase Energy Trading Up 2.2 %

NASDAQ:ENPH traded up $1.35 during trading hours on Monday, reaching $63.94. 2,400,613 shares of the company were exchanged, compared to its average volume of 3,933,361. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 86.41, a PEG ratio of 8.78 and a beta of 1.68. The stock has a 50 day simple moving average of $67.61 and a 200 day simple moving average of $86.35. Enphase Energy, Inc. has a 52-week low of $58.33 and a 52-week high of $141.63. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.88.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. As a group, analysts predict that Enphase Energy, Inc. will post 2.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 259 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Enphase Energy by 500.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the semiconductor company's stock valued at $136,000 after purchasing an additional 1,000 shares during the period. Exchange Traded Concepts LLC grew its position in Enphase Energy by 821.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,756 shares of the semiconductor company's stock worth $311,000 after purchasing an additional 2,457 shares during the last quarter. Creative Planning increased its stake in shares of Enphase Energy by 49.7% in the third quarter. Creative Planning now owns 16,204 shares of the semiconductor company's stock valued at $1,831,000 after purchasing an additional 5,379 shares during the period. Finally, Swedbank AB raised its holdings in shares of Enphase Energy by 0.3% during the third quarter. Swedbank AB now owns 3,463,475 shares of the semiconductor company's stock valued at $391,442,000 after buying an additional 11,890 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ENPH. Royal Bank of Canada decreased their target price on Enphase Energy from $85.00 to $71.00 and set a "sector perform" rating for the company in a report on Friday, November 22nd. Janney Montgomery Scott downgraded shares of Enphase Energy from a "buy" rating to a "neutral" rating and set a $83.00 price objective for the company. in a research note on Wednesday, October 23rd. Susquehanna cut their target price on shares of Enphase Energy from $79.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. HSBC lowered shares of Enphase Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from $154.00 to $81.00 in a report on Friday, November 8th. Finally, Canaccord Genuity Group upgraded Enphase Energy from a "hold" rating to a "buy" rating and increased their price target for the company from $76.00 to $82.00 in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Enphase Energy currently has a consensus rating of "Hold" and an average target price of $90.42.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.