Enlight Renewable Energy Ltd. $ENLT Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. boosted its stake in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,383,986 shares of the company’s stock after purchasing an additional 129,491 shares during the period. Phoenix Financial Ltd.’s holdings in Enlight Renewable Energy were worth $31,685,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. increased its holdings in Enlight Renewable Energy by 0.3% in 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 Group Inc. increased its holdings in Enlight Renewable Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company’s stock valued at $68,107,000 after purchasing an additional 69,329 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Enlight Renewable Energy by 18.0% in the 1st quarter. Y.D. More Investments Ltd now owns 3,621,516 shares of the company’s stock valued at $57,870,000 after purchasing an additional 553,337 shares in the last quarter. Invesco Ltd. increased its holdings in Enlight Renewable Energy by 2.5% in the 1st quarter. Invesco Ltd. now owns 1,656,086 shares of the company’s stock valued at $26,762,000 after purchasing an additional 40,665 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Enlight Renewable Energy by 13.6% in the 1st quarter. Deutsche Bank AG now owns 483,774 shares of the company’s stock valued at $7,818,000 after purchasing an additional 58,081 shares in the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho set a $21.00 price target on Enlight Renewable Energy and gave the company an “underperform” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $30.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Wednesday, October 8th. Wall Street Zen downgraded Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Finally, JPMorgan Chase & Co. raised their target price on Enlight Renewable Energy from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Enlight Renewable Energy currently has a consensus rating of “Hold” and an average price target of $28.40.

Enlight Renewable Energy Price Performance

NASDAQ:ENLT opened at $33.96 on Tuesday. Enlight Renewable Energy Ltd. has a one year low of $14.01 and a one year high of $35.10. The stock has a 50-day simple moving average of $29.44 and a 200 day simple moving average of $23.52. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.10.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The firm had revenue of $36.37 million during the quarter, compared to analyst estimates of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. Sell-side analysts forecast that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.

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.