Harel Insurance Investments & Financial Services Ltd. Purchases 103,430 Shares of Enlight Renewable Energy Ltd. $ENLT

Harel Insurance Investments & Financial Services Ltd. lifted its position in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,722,610 shares of the company’s stock after buying an additional 103,430 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Enlight Renewable Energy were worth $84,837,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Amundi grew its stake in Enlight Renewable Energy by 2.3% in the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after acquiring an additional 1,647 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy during the second quarter worth about $106,000. Meitav Investment House Ltd. lifted its holdings in shares of Enlight Renewable Energy by 0.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 5,668,798 shares of the company’s stock valued at $128,607,000 after purchasing an additional 19,582 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Enlight Renewable Energy by 39.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,081 shares of the company’s stock valued at $320,000 after purchasing an additional 4,008 shares during the period. Finally, TD Asset Management Inc increased its stake in Enlight Renewable Energy by 8.8% during the 2nd quarter. TD Asset Management Inc now owns 13,821 shares of the company’s stock worth $314,000 after purchasing an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 38.89% of the company’s stock.

Enlight Renewable Energy Trading Up 2.0%

Shares of NASDAQ:ENLT opened at $51.20 on Friday. The company’s 50-day moving average price is $42.58 and its two-hundred day moving average price is $33.64. Enlight Renewable Energy Ltd. has a one year low of $14.01 and a one year high of $52.92. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $5.92 billion, a PE ratio of 53.33 and a beta of 1.44.

Enlight Renewable Energy (NASDAQ:ENLT) last released its earnings results on Wednesday, November 12th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a return on equity of 7.41% and a net margin of 22.60%.The business had revenue of $165.06 million for the quarter, compared to the consensus estimate of $146.04 million. On average, equities analysts forecast that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ENLT. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $35.00 price target on shares of Enlight Renewable Energy in a research note on Monday, December 8th. Mizuho upped their target price on shares of Enlight Renewable Energy from $24.00 to $27.00 and gave the stock an “underperform” rating in a research note on Monday, November 17th. Roth Capital increased their target price on Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. UBS Group boosted their price target on Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays increased their price objective on Enlight Renewable Energy from $34.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.83.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.