Enlight Renewable Energy Ltd. $ENLT Position Raised by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its holdings in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,837,263 shares of the company’s stock after acquiring an additional 252,446 shares during the period. Enlight Renewable Energy makes up 12.4% of Y.D. More Investments Ltd’s portfolio, making the stock its 2nd largest holding. Y.D. More Investments Ltd’s holdings in Enlight Renewable Energy were worth $264,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Enlight Renewable Energy by 256.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock valued at $28,000 after acquiring an additional 881 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after purchasing an additional 641 shares during the last quarter. Mariner LLC lifted its position in Enlight Renewable Energy by 4.1% during the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after purchasing an additional 396 shares during the period. Tidal Investments LLC lifted its position in Enlight Renewable Energy by 18.8% during the second quarter. Tidal Investments LLC now owns 15,943 shares of the company’s stock valued at $362,000 after purchasing an additional 2,527 shares during the period. Finally, TD Asset Management Inc boosted its holdings in Enlight Renewable Energy by 8.9% in the third quarter. TD Asset Management Inc now owns 15,052 shares of the company’s stock worth $464,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Stock Performance

Shares of ENLT stock opened at $69.87 on Monday. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.88. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 68.50, a PEG ratio of 9.40 and a beta of 1.21. Enlight Renewable Energy Ltd. has a 1 year low of $14.01 and a 1 year high of $81.28. The firm has a fifty day moving average price of $68.08 and a 200-day moving average price of $49.38.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its earnings results on Saturday, February 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.17. The company had revenue of $124.19 million for the quarter, compared to analysts’ expectations of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. As a group, equities analysts predict that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENLT shares. UBS Group increased their price target on Enlight Renewable Energy to $65.00 and gave the company a “buy” rating in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $38.00 price target on shares of Enlight Renewable Energy in a research note on Wednesday, January 7th. Finally, Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.50.

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.