JPMorgan Chase & Co. decreased its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 46.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,582 shares of the company's stock after selling 133,442 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of Enlight Renewable Energy worth $2,700,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of ENLT. Barclays PLC raised its position in Enlight Renewable Energy by 4,278.2% in the 3rd quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares during the last quarter. Geode Capital Management LLC raised its position in Enlight Renewable Energy by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock valued at $1,751,000 after purchasing an additional 907 shares during the last quarter. Tidal Investments LLC raised its position in Enlight Renewable Energy by 11.3% in the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after purchasing an additional 1,852 shares during the last quarter. Y.D. More Investments Ltd raised its position in Enlight Renewable Energy by 18.6% in the 4th quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock valued at $53,043,000 after purchasing an additional 482,129 shares during the last quarter. Finally, Meitav Investment House Ltd. raised its position in Enlight Renewable Energy by 4.0% in the 4th quarter. Meitav Investment House Ltd. now owns 5,901,179 shares of the company's stock valued at $101,910,000 after purchasing an additional 229,255 shares during the last quarter. Hedge funds and other institutional investors own 38.89% of the company's stock.
Enlight Renewable Energy Stock Performance
ENLT traded up $0.18 during trading on Monday, hitting $16.33. The stock had a trading volume of 3,480 shares, compared to its average volume of 15,917. The company's 50-day moving average price is $16.22 and its 200 day moving average price is $16.33. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 1.22. The firm has a market capitalization of $1.89 billion, a P/E ratio of 45.36 and a beta of 1.26. Enlight Renewable Energy Ltd has a twelve month low of $14.01 and a twelve month high of $18.48.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.17. Enlight Renewable Energy had a net margin of 11.09% and a return on equity of 3.03%. The company had revenue of $114.21 million for the quarter, compared to analyst estimates of $289.04 million. On average, equities research analysts forecast that Enlight Renewable Energy Ltd will post 0.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently commented on ENLT. JPMorgan Chase & Co. upped their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Enlight Renewable Energy in a research note on Thursday, March 6th. They issued a "buy" rating and a $22.00 price objective on the stock. Finally, Wolfe Research cut shares of Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.
Check Out Our Latest Stock Report on Enlight Renewable Energy
Enlight Renewable Energy Company Profile
(
Free Report)
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.
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