Stamos Capital Partners L.P. Buys 8,830 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Stamos Capital Partners L.P. grew its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) by 69.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,480 shares of the semiconductor company's stock after acquiring an additional 8,830 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Enphase Energy were worth $1,475,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in shares of Enphase Energy by 72.7% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company's stock valued at $1,305,000 after purchasing an additional 8,000 shares during the period. Nordea Investment Management AB boosted its position in shares of Enphase Energy by 131.6% in the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company's stock valued at $155,360,000 after purchasing an additional 1,258,778 shares during the period. Norges Bank acquired a new stake in shares of Enphase Energy during the fourth quarter valued at approximately $46,339,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Enphase Energy in the fourth quarter valued at $5,324,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Enphase Energy during the 4th quarter worth about $584,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ENPH. BMO Capital Markets lowered their price target on Enphase Energy from $69.00 to $66.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Barclays dropped their price objective on shares of Enphase Energy from $91.00 to $86.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Truist Financial reissued a "hold" rating and issued a $65.00 price target (down previously from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Craig Hallum dropped their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. Finally, Canaccord Genuity Group upgraded Enphase Energy from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $82.00 in a research report on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.49.

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Enphase Energy Stock Performance

ENPH traded down $1.48 during trading hours on Tuesday, reaching $53.07. The company's stock had a trading volume of 2,547,173 shares, compared to its average volume of 3,985,559. The firm has a market cap of $7.03 billion, a PE ratio of 71.72 and a beta of 1.94. The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.28 and a current ratio of 3.53. The company's 50-day moving average is $59.97 and its 200-day moving average is $70.23. Enphase Energy, Inc. has a 52 week low of $47.48 and a 52 week high of $141.63.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, equities analysts forecast that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Insider Buying and Selling at Enphase Energy

In other news, Director Thurman J. Rodgers sold 100,000 shares of Enphase Energy stock in a transaction on Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Mandy Yang sold 1,319 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $63.32, for a total value of $83,519.08. Following the transaction, the chief financial officer now owns 78,524 shares of the company's stock, valued at $4,972,139.68. This trade represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.40% of the company's stock.

Enphase Energy Company Profile

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.