2,688 Shares in Enphase Energy, Inc. (NASDAQ:ENPH) Acquired by SCP Investment LP

SCP Investment LP acquired a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,688 shares of the semiconductor company’s stock, valued at approximately $355,000.

A number of other institutional investors have also added to or reduced their stakes in ENPH. Bogart Wealth LLC bought a new stake in Enphase Energy during the 4th quarter worth approximately $26,000. CVA Family Office LLC bought a new stake in Enphase Energy during the 4th quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its holdings in Enphase Energy by 131.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 176 shares during the last quarter. Covestor Ltd grew its holdings in Enphase Energy by 61.6% during the 3rd quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 133 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in Enphase Energy by 1,447.6% during the 4th quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 304 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Stock Up 1.7 %

NASDAQ:ENPH opened at $129.77 on Wednesday. The firm’s 50-day moving average price is $115.83 and its 200-day moving average price is $115.84. The company has a market capitalization of $17.66 billion, a PE ratio of 67.59, a P/E/G ratio of 4.92 and a beta of 1.77. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22.

Enphase Energy (NASDAQ:ENPHGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.17). Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The firm had revenue of $263.34 million for the quarter, compared to analysts’ expectations of $280.06 million. On average, equities analysts predict that Enphase Energy, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ENPH shares. JPMorgan Chase & Co. reduced their target price on shares of Enphase Energy from $141.00 to $128.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Truist Financial reduced their price objective on shares of Enphase Energy from $145.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Piper Sandler reaffirmed a “neutral” rating and issued a $111.00 price objective (down from $113.00) on shares of Enphase Energy in a research note on Wednesday, April 24th. Canaccord Genuity Group upped their price objective on shares of Enphase Energy from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Morgan Stanley upped their price objective on shares of Enphase Energy from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $134.10.

Read Our Latest Research Report on ENPH

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, Director Thurman J. Rodgers sold 319,526 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thurman J. Rodgers sold 319,526 shares of Enphase Energy stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total transaction of $40,429,624.78. Following the sale, the director now owns 1,984,562 shares in the company, valued at $251,106,629.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the completion of the sale, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 349,526 shares of company stock worth $43,649,325. Company insiders own 3.40% of the company’s stock.

About Enphase Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

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