Legal & General Group Plc Sells 815,059 Shares of Enlight Renewable Energy Ltd. $ENLT

Legal & General Group Plc lessened its holdings in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 42.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,105,829 shares of the company’s stock after selling 815,059 shares during the quarter. Legal & General Group Plc’s holdings in Enlight Renewable Energy were worth $50,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 881 shares during the period. V Square Quantitative Management LLC bought a new stake in Enlight Renewable Energy during the 4th quarter valued at approximately $56,000. Jane Street Group LLC raised its stake in Enlight Renewable Energy by 6.0% during the 2nd 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 period. Mariner LLC raised its stake in Enlight Renewable Energy by 4.1% during the 3rd 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. Finally, Tidal Investments LLC raised its stake in Enlight Renewable Energy by 18.8% during the 2nd 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. Institutional investors own 38.89% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENLT. Barclays reissued an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. UBS Group raised their price target on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their price target on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Enlight Renewable Energy has an average rating of “Hold” and an average price target of $63.17.

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $107.42 on Friday. The stock has a market capitalization of $12.74 billion, a PE ratio of 249.82, a P/E/G ratio of 37.21 and a beta of 1.51. The business has a 50 day simple moving average of $82.97 and a two-hundred day simple moving average of $63.64. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $108.65.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The business had revenue of $156.49 million during the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. On average, research analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Trending Headlines about Enlight Renewable Energy

Here are the key news stories impacting Enlight Renewable Energy this week:

• Positive Sentiment: UBS Group raised its price target on Enlight Renewable Energy (ENLT) to $123 from $105 and kept a buy rating, reinforcing bullish sentiment around the stock’s growth outlook. UBS Raises Price Target on Enlight Renewable Energy
• Positive Sentiment: The company recently signed a 200 MW solar power purchase agreement with Google for data center operations in Oklahoma, a high-profile contract that improves revenue visibility and expands its U.S. presence. Google PPA announcement
• Neutral Sentiment: Recent analyst commentary remains mixed overall, with some firms bullish and others cautious, but the higher target from UBS adds to the improving sentiment profile.
• Negative Sentiment: Multiple insiders have sold shares in recent days, including Director Yitzhak Betzalel and SVP Meron Carr, which may make some investors cautious even as the stock price has risen sharply. Insider sales report

Insider Buying and Selling at Enlight Renewable Energy

In other news, insider Ilan Goren sold 26,622 shares of Enlight Renewable Energy stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $103.76, for a total value of $2,762,298.72. Following the completion of the transaction, the insider owned 42,835 shares in the company, valued at approximately $4,444,559.60. The trade was a 38.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $90.63, for a total value of $2,039,628.15. Following the completion of the transaction, the insider owned 14,233 shares of the company’s stock, valued at approximately $1,289,936.79. This trade represents a 61.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 285,792 shares of company stock worth $26,913,850 over the last three months.

About Enlight Renewable Energy

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.