Enlight Renewable Energy Ltd (NASDAQ:ENLT) Position Boosted by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,901,179 shares of the company’s stock after purchasing an additional 229,255 shares during the quarter. Enlight Renewable Energy accounts for 1.7% of Meitav Investment House Ltd.’s holdings, making the stock its 18th biggest position. Meitav Investment House Ltd. owned about 5.11% of Enlight Renewable Energy worth $101,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Enlight Renewable Energy by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock worth $1,751,000 after purchasing an additional 907 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Enlight Renewable Energy by 11.3% in the third quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after buying an additional 1,852 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after acquiring an additional 13,150 shares during the period. Barclays PLC lifted its position in shares of Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock valued at $432,000 after acquiring an additional 24,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Enlight Renewable Energy in the 3rd quarter valued at approximately $655,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Performance

Shares of ENLT opened at $17.77 on Thursday. The company has a market capitalization of $1.96 billion, a PE ratio of 40.39 and a beta of 1.51. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.53 and a current ratio of 0.53. The company’s 50 day moving average price is $16.70 and its 200 day moving average price is $16.26. Enlight Renewable Energy Ltd has a 52 week low of $14.09 and a 52 week high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Research analysts expect that Enlight Renewable Energy Ltd will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ENLT. Barclays lifted their price objective on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lifted their price target on Enlight Renewable Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd.

About Enlight Renewable Energy

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.