Enlight Renewable Energy Ltd (NASDAQ:ENLT) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,158,533 shares of the company's stock after buying an additional 35,555 shares during the quarter. Vanguard Group Inc. owned approximately 3.60% of Enlight Renewable Energy worth $71,926,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ENLT. Y.D. More Investments Ltd grew its holdings in Enlight Renewable Energy by 18.6% during the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock worth $53,043,000 after acquiring an additional 482,129 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Enlight Renewable Energy during the third quarter worth $4,901,000. Barclays PLC increased its holdings in Enlight Renewable Energy by 4,278.2% in the third quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after buying an additional 24,942 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy in the third quarter valued at $655,000. Finally, Meitav Investment House Ltd. lifted its holdings in Enlight Renewable Energy by 4.0% during the 4th quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock worth $101,910,000 after buying an additional 229,255 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Enlight Renewable Energy Stock Performance

NASDAQ:ENLT traded up $0.39 during mid-day trading on Tuesday, reaching $15.60. 1,248 shares of the stock were exchanged, compared to its average volume of 14,505. The stock has a market capitalization of $1.80 billion, a P/E ratio of 43.33 and a beta of 1.26. Enlight Renewable Energy Ltd has a 1 year low of $14.01 and a 1 year high of $18.48. The company has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $16.34. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98.

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Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.17. The business had revenue of $114.21 million for 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%. Analysts anticipate that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ENLT shares. JPMorgan Chase & Co. upped their price objective on Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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, Wolfe Research downgraded shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

Enlight Renewable Energy Company Profile

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.