Kayne Anderson Capital Advisors LP Sells 481,907 Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Kayne Anderson Capital Advisors LP cut its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 61.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,643 shares of the company’s stock after selling 481,907 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Enlight Renewable Energy were worth $5,773,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Enlight Renewable Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 3,889,496 shares of the company’s stock valued at $61,026,000 after buying an additional 79,618 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Enlight Renewable Energy by 1.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 422,381 shares of the company’s stock valued at $6,560,000 after acquiring an additional 4,415 shares in the last quarter. Swiss National Bank increased its position in Enlight Renewable Energy by 3.6% in the 3rd quarter. Swiss National Bank now owns 260,411 shares of the company’s stock valued at $4,098,000 after acquiring an additional 9,069 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Enlight Renewable Energy by 40.1% in the third quarter. Assenagon Asset Management S.A. now owns 410,362 shares of the company’s stock worth $6,476,000 after acquiring an additional 117,525 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Enlight Renewable Energy by 7.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,830,384 shares of the company’s stock worth $107,302,000 after purchasing an additional 477,897 shares in the last quarter. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Trading Up 0.4 %

NASDAQ ENLT traded up $0.08 on Thursday, reaching $18.17. The company had a trading volume of 1,630 shares, compared to its average volume of 44,063. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.63. Enlight Renewable Energy Ltd has a 52 week low of $12.11 and a 52 week high of $20.44. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 31.74 and a beta of 1.68. The stock’s 50 day moving average is $16.85 and its 200-day moving average is $16.90.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The business had revenue of $90.40 million for the quarter, compared to the consensus estimate of $79.31 million. Enlight Renewable Energy had a net margin of 27.74% and a return on equity of 5.05%. Enlight Renewable Energy’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. Equities analysts predict that Enlight Renewable Energy Ltd will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ENLT. Barclays lowered their price target on shares of Enlight Renewable Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $16.00 target price (down previously from $19.00) on shares of Enlight Renewable Energy in a research report on Monday, April 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $20.00 price target (up previously from $19.00) on shares of Enlight Renewable Energy in a report on Thursday.

About Enlight Renewable Energy

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.