Vanguard Group Inc. Boosts Stock Position in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Vanguard Group Inc. grew its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,158,533 shares of the company's stock after acquiring an additional 35,555 shares during the quarter. Vanguard Group Inc. owned 3.60% of Enlight Renewable Energy worth $71,926,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ENLT. Meitav Investment House Ltd. boosted its stake 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 worth $101,910,000 after purchasing an additional 229,255 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Enlight Renewable Energy by 18.6% in the fourth quarter. Y.D. More Investments Ltd now owns 3,068,179 shares of the company's stock worth $53,043,000 after buying an additional 482,129 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Enlight Renewable Energy during the third quarter worth $4,901,000. Geode Capital Management LLC grew its holdings in shares of Enlight Renewable Energy by 0.9% during the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company's stock valued at $1,751,000 after buying an additional 907 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Enlight Renewable Energy during the third quarter valued at $655,000. Hedge funds and other institutional investors own 38.89% of the company's stock.

Enlight Renewable Energy Stock Performance

Shares of ENLT traded up $0.30 during mid-day trading on Wednesday, reaching $15.46. The company had a trading volume of 568 shares, compared to its average volume of 16,208. The stock has a 50 day moving average of $16.41 and a two-hundred day moving average of $16.33. The company has a quick ratio of 0.53, a current ratio of 1.22 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $1.79 billion, a P/E ratio of 42.93 and a beta of 1.26. Enlight Renewable Energy Ltd has a 52-week low of $14.01 and a 52-week high of $18.48.

Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $114.21 million for the quarter, compared to analysts' expectations of $289.04 million. On average, analysts expect that Enlight Renewable Energy Ltd will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ENLT. Wolfe Research cut Enlight Renewable Energy from an "outperform" rating to a "peer perform" rating in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft began coverage on Enlight Renewable Energy in a report on Thursday, March 6th. They set a "buy" rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Enlight Renewable Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $20.25.

Enlight Renewable Energy Company Profile

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.