Enlight Renewable Energy Ltd. $ENLT Shares Purchased by Legal & General Group Plc

Legal & General Group Plc grew its position in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 259.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,867,785 shares of the company’s stock after buying an additional 1,347,458 shares during the period. Legal & General Group Plc’s holdings in Enlight Renewable Energy were worth $42,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Y.D. More Investments Ltd boosted its position in shares of Enlight Renewable Energy by 18.0% during the first quarter. Y.D. More Investments Ltd now owns 3,621,516 shares of the company’s stock worth $57,870,000 after buying an additional 553,337 shares during the period. Vanguard Group Inc. increased its position in Enlight Renewable Energy by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 4,227,862 shares of the company’s stock valued at $68,107,000 after acquiring an additional 69,329 shares during the period. Meitav Investment House Ltd. raised its stake in Enlight Renewable Energy by 0.3% during the 2nd quarter. Meitav Investment House Ltd. now owns 5,668,798 shares of the company’s stock valued at $128,607,000 after acquiring an additional 19,582 shares in the last quarter. Deutsche Bank AG boosted its position in Enlight Renewable Energy by 13.6% during the 1st quarter. Deutsche Bank AG now owns 483,774 shares of the company’s stock worth $7,818,000 after acquiring an additional 58,081 shares during the period. Finally, Invesco Ltd. boosted its position in Enlight Renewable Energy by 2.5% during the 1st quarter. Invesco Ltd. now owns 1,656,086 shares of the company’s stock worth $26,762,000 after acquiring an additional 40,665 shares during the period. Institutional investors and hedge funds own 38.89% of the company’s stock.

Analyst Ratings Changes

ENLT has been the topic of a number of research analyst reports. Barclays raised their price target on Enlight Renewable Energy from $34.00 to $41.00 and gave the company an “overweight” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 target price on shares of Enlight Renewable Energy in a research note on Wednesday, October 1st. Mizuho boosted their price target on shares of Enlight Renewable Energy from $24.00 to $27.00 and gave the stock an “underperform” rating in a research report on Monday, November 17th. Roth Capital increased their price objective on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Finally, Wall Street Zen lowered shares of Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 10th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Enlight Renewable Energy presently has a consensus rating of “Hold” and an average price target of $36.50.

Enlight Renewable Energy Price Performance

NASDAQ:ENLT opened at $39.34 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $33.93 and its 200 day moving average price is $27.30. Enlight Renewable Energy Ltd. has a 52-week low of $14.01 and a 52-week high of $39.62.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The company had revenue of $165.06 million during the quarter, compared to analyst estimates of $146.04 million. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. Enlight Renewable Energy has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current fiscal year.

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.