Wealth High Governance Capital Ltda Invests $1.44 Million in Enlight Renewable Energy Ltd. $ENLT

Wealth High Governance Capital Ltda purchased a new position in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,076 shares of the company’s stock, valued at approximately $1,439,000.

Several other institutional investors also recently bought and sold shares of ENLT. Clal Insurance Enterprises Holdings Ltd increased its stake in Enlight Renewable Energy by 18.2% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock worth $774,113,000 after buying an additional 1,797,936 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in shares of Enlight Renewable Energy by 4.5% in the fourth quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after acquiring an additional 252,446 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Enlight Renewable Energy by 11.3% in the fourth quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after acquiring an additional 503,060 shares during the last quarter. Altshuler Shaham Ltd increased its position in shares of Enlight Renewable Energy by 705.5% during the first quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock worth $311,645,000 after purchasing an additional 4,127,573 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Enlight Renewable Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after purchasing an additional 53,103 shares during the last quarter. 38.89% of the stock is currently owned by institutional investors and hedge funds.

Enlight Renewable Energy Price Performance

ENLT stock opened at $84.46 on Monday. The firm has a market cap of $10.01 billion, a PE ratio of 196.42, a PEG ratio of 22.93 and a beta of 1.66. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s 50 day moving average price is $90.44 and its 200-day moving average price is $78.80. Enlight Renewable Energy Ltd. has a one year low of $22.95 and a one year high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. On average, equities research analysts anticipate that Enlight Renewable Energy Ltd. will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, VP Israeli Ayelet Cohen sold 10,123 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $108.50, for a total transaction of $1,098,345.50. Following the completion of the transaction, the vice president directly owned 20,974 shares in the company, valued at approximately $2,275,679. This represents a 32.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michal Tzuk sold 2,400 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.86, for a total value of $254,064.00. Following the sale, the director directly owned 2,712 shares of the company’s stock, valued at $287,092.32. The trade was a 46.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 313,597 shares of company stock valued at $29,830,515.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Enlight Renewable Energy from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of Enlight Renewable Energy and gave the company a “hold” rating in a research report on Thursday, April 9th. Truist Financial initiated coverage on shares of Enlight Renewable Energy in a research note on Monday, July 13th. They issued a “buy” rating and a $106.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group dropped their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.00.

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.