Vanguard Group Inc. Raises Holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Vanguard Group Inc. increased its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,158,533 shares of the company’s stock after purchasing an additional 35,555 shares during the period. Vanguard Group Inc. owned 3.60% of Enlight Renewable Energy worth $71,926,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ENLT. Geode Capital Management LLC lifted its stake in Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after buying an additional 907 shares during the last quarter. Tidal Investments LLC raised its position in Enlight Renewable Energy by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock valued at $308,000 after purchasing an additional 1,852 shares during the last quarter. Barclays PLC boosted its stake in Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after purchasing an additional 24,942 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy during the 3rd quarter worth $655,000. Finally, Meitav Investment House Ltd. grew its position 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 purchasing an additional 229,255 shares during the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $14.45 on Friday. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 40.14 and a beta of 1.26. The business’s 50 day moving average is $16.50 and its two-hundred day moving average is $16.35. Enlight Renewable Energy Ltd has a 12-month low of $14.01 and a 12-month high of $18.48. The company has a current ratio of 1.22, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.17. The firm had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. Enlight Renewable Energy had a return on equity of 3.03% and a net margin of 11.09%. Research analysts expect that Enlight Renewable Energy Ltd will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

ENLT has been the subject of several recent research reports. Wolfe Research downgraded shares of Enlight Renewable Energy from an “outperform” rating to a “peer perform” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Enlight Renewable Energy in a research note on Thursday, March 6th. They set a “buy” rating and a $22.00 price target for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Enlight Renewable Energy has an average rating of “Moderate Buy” and a consensus target price 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.