Clal Insurance Enterprises Holdings Ltd Has $253.99 Million Holdings in Enlight Renewable Energy Ltd. $ENLT

Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,247,031 shares of the company’s stock after buying an additional 173,009 shares during the quarter. Enlight Renewable Energy comprises 1.9% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 11th biggest holding. Clal Insurance Enterprises Holdings Ltd owned 7.14% of Enlight Renewable Energy worth $253,986,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ENLT. BNP Paribas Financial Markets boosted its stake in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after acquiring an additional 881 shares in the last quarter. Bank of Montreal Can boosted its position in Enlight Renewable Energy by 6.4% during the second 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. Jane Street Group LLC boosted its position in Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the period. Tidal Investments LLC grew its holdings in Enlight Renewable Energy by 18.8% during the second quarter. Tidal Investments LLC now owns 15,943 shares of the company’s stock valued at $362,000 after purchasing an additional 2,527 shares during the last quarter. Finally, TD Asset Management Inc raised its position in shares of Enlight Renewable Energy by 8.9% in the third quarter. TD Asset Management Inc now owns 15,052 shares of the company’s stock valued at $464,000 after purchasing an additional 1,231 shares during the period. Institutional investors and hedge funds own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ENLT shares. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Mizuho set a $37.00 price target on shares of Enlight Renewable Energy in a report on Monday. UBS Group lifted their price objective on Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Roth Mkm boosted their price objective on Enlight Renewable Energy from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $38.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.50.

Enlight Renewable Energy Trading Down 4.0%

Enlight Renewable Energy stock opened at $67.24 on Friday. The business has a 50 day moving average price of $56.52 and a two-hundred day moving average price of $41.34. The company has a quick ratio of 0.88, a current ratio of 0.67 and a debt-to-equity ratio of 2.03. Enlight Renewable Energy Ltd. has a 12 month low of $14.01 and a 12 month high of $81.28.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.17. The business had revenue of $124.19 million for the quarter, compared to analysts’ expectations of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. Equities research analysts predict that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current year.

Enlight Renewable Energy Company Profile

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.