Enlight Renewable Energy Ltd. $ENLT Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,447,614 shares of the company’s stock after purchasing an additional 70,338 shares during the quarter. Vanguard Group Inc.’s holdings in Enlight Renewable Energy were worth $136,800,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in Enlight Renewable Energy by 3.9% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,722,610 shares of the company’s stock worth $84,837,000 after purchasing an additional 103,430 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Enlight Renewable Energy by 2.4% during the second quarter. Y.D. More Investments Ltd now owns 3,709,733 shares of the company’s stock worth $84,053,000 after buying an additional 88,217 shares during the period. Legal & General Group Plc grew its holdings in shares of Enlight Renewable Energy by 259.0% during the second quarter. Legal & General Group Plc now owns 1,867,785 shares of the company’s stock worth $42,377,000 after buying an additional 1,347,458 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Enlight Renewable Energy in the 2nd quarter valued at about $597,000. Finally, Norges Bank acquired a new stake in Enlight Renewable Energy during the 2nd quarter worth approximately $3,608,000. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Trading Down 1.2%

Shares of NASDAQ:ENLT opened at $72.48 on Wednesday. Enlight Renewable Energy Ltd. has a 12 month low of $14.01 and a 12 month high of $81.28. The business’s 50 day simple moving average is $57.67 and its 200-day simple moving average is $42.24. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.88.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho set a $37.00 price target on Enlight Renewable Energy in a report on Monday, February 23rd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $35.00 price target on shares of Enlight Renewable Energy in a research note on Monday, December 8th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Roth Mkm boosted their target price 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, UBS Group increased their target price on Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Enlight Renewable Energy has a consensus rating of “Hold” and an average 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.