Caisse DE Depot ET Placement DU Quebec Makes New $1.89 Million Investment in Enphase Energy, Inc. (NASDAQ:ENPH)

Caisse DE Depot ET Placement DU Quebec bought a new stake in Enphase Energy, Inc. (NASDAQ:ENPH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,482 shares of the semiconductor company's stock, valued at approximately $1,887,000.

A number of other large investors also recently made changes to their positions in ENPH. Venturi Wealth Management LLC lifted its position in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company's stock worth $46,000 after buying an additional 509 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Enphase Energy in the fourth quarter worth $47,000. GeoWealth Management LLC grew its stake in Enphase Energy by 56.3% in the 4th quarter. GeoWealth Management LLC now owns 891 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 321 shares during the period. Sava Infond d.o.o. purchased a new stake in shares of Enphase Energy during the 4th quarter valued at $69,000. Finally, Avior Wealth Management LLC raised its stake in shares of Enphase Energy by 269.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company's stock worth $72,000 after purchasing an additional 762 shares during the period. 72.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Guggenheim restated a "sell" rating and set a $33.00 price objective on shares of Enphase Energy in a report on Wednesday, April 23rd. Susquehanna lowered their price target on shares of Enphase Energy from $59.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Craig Hallum reduced their price objective on Enphase Energy from $123.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Truist Financial lowered their target price on Enphase Energy from $65.00 to $49.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, Citigroup reissued a "sell" rating and issued a $47.00 price objective on shares of Enphase Energy in a report on Thursday, April 17th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $70.54.

Insider Activity

In other news, Director Thurman J. Rodgers sold 100,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $61.26, for a total transaction of $6,126,000.00. Following the completion of the transaction, the director now directly owns 1,881,760 shares of the company's stock, valued at approximately $115,276,617.60. This represents a 5.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman bought 4,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $46.35 per share, for a total transaction of $185,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,598,696 shares of the company's stock, valued at $74,099,559.60. The trade was a 0.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.10% of the company's stock.

Enphase Energy Stock Performance

Shares of NASDAQ ENPH opened at $45.56 on Monday. The stock's 50-day moving average is $55.85 and its 200 day moving average is $65.05. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 61.57 and a beta of 1.94. Enphase Energy, Inc. has a 1-year low of $43.80 and a 1-year high of $141.63. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44.

Enphase Energy (NASDAQ:ENPH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current fiscal year.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.