Insider Selling: Enlight Renewable Energy (NASDAQ:ENLT) CFO Sells $107,121.27 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) CFO Nir Yehuda sold 1,149 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $93.23, for a total value of $107,121.27. Following the completion of the transaction, the chief financial officer directly owned 35,600 shares of the company’s stock, valued at $3,318,988. This trade represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nir Yehuda also recently made the following trade(s):

• On Tuesday, May 12th, Nir Yehuda sold 5,796 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $92.83, for a total value of $538,042.68.

Enlight Renewable Energy Stock Performance

Shares of ENLT opened at $85.87 on Friday. The stock has a 50 day moving average price of $78.73 and a 200 day moving average price of $59.46. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 199.70, a price-to-earnings-growth ratio of 25.00 and a beta of 1.51. Enlight Renewable Energy Ltd. has a 52-week low of $16.87 and a 52-week high of $96.00.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm 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%. Research analysts predict that Enlight Renewable Energy Ltd. will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ENLT has been the subject of a number of research reports. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their price objective on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus price target of $60.17.

Institutional Investors Weigh In On Enlight Renewable Energy

Several hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Enlight Renewable Energy by 0.3% during the first quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock worth $3,185,000 after purchasing an additional 127 shares during the period. Quantinno Capital Management LP raised its position in Enlight Renewable Energy by 2.7% in the first quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock worth $435,000 after acquiring an additional 170 shares in the last quarter. Advisors Asset Management Inc. raised its position in Enlight Renewable Energy by 0.9% in the fourth quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock worth $1,221,000 after acquiring an additional 251 shares in the last quarter. Mariner LLC raised its position in Enlight Renewable Energy by 4.1% in the third quarter. Mariner LLC now owns 10,070 shares of the company’s stock worth $314,000 after acquiring an additional 396 shares in the last quarter. Finally, State of Wyoming purchased a new position in Enlight Renewable Energy in the first quarter worth $41,000. 38.89% of the stock is owned by institutional investors and hedge funds.

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.