Citigroup Inc. Has $3.40 Million Stock Holdings in Enlight Renewable Energy Ltd. $ENLT

Citigroup Inc. boosted its stake in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 465.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 110,153 shares of the company’s stock after buying an additional 90,662 shares during the period. Citigroup Inc.’s holdings in Enlight Renewable Energy were worth $3,398,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Amundi increased its position in shares of Enlight Renewable Energy by 2.3% during the first quarter. Amundi now owns 74,681 shares of the company’s stock worth $1,160,000 after acquiring an additional 1,647 shares in the last quarter. Bank of Montreal Can boosted its stake in Enlight Renewable Energy by 6.4% in the 2nd quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock worth $251,000 after purchasing an additional 660 shares during the period. Geode Capital Management LLC increased its holdings in Enlight Renewable Energy by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after purchasing an additional 773 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Enlight Renewable Energy in the 2nd quarter valued at about $597,000. Finally, Y.D. More Investments Ltd raised its stake in shares of Enlight Renewable Energy by 2.4% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,709,733 shares of the company’s stock valued at $84,053,000 after purchasing an additional 88,217 shares during the period. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $77.17 on Friday. Enlight Renewable Energy Ltd. has a 12 month low of $14.01 and a 12 month high of $81.28. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.88. The stock has a 50 day moving average of $58.87 and a 200-day moving average of $42.70.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.17. The firm had revenue of $124.19 million for the quarter, compared to analyst estimates of $146.12 million. Enlight Renewable Energy had a net margin of 22.69% and a return on equity of 7.35%. As a group, equities analysts expect that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ENLT. Roth Mkm increased their price objective 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 raised their price target on shares of Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $38.00 price objective on shares of Enlight Renewable Energy in a report on Wednesday, January 7th. JPMorgan Chase & Co. restated an “underweight” rating and set a $35.00 target price on shares of Enlight Renewable Energy in a report on Monday, December 8th. Finally, Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Enlight Renewable Energy has a consensus rating of “Hold” and a consensus target price of $43.50.

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.