Vanguard Personalized Indexing Management LLC Increases Position in Enlight Renewable Energy Ltd. $ENLT

Vanguard Personalized Indexing Management LLC boosted its holdings in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 61.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,745 shares of the company’s stock after purchasing an additional 8,664 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Enlight Renewable Energy were worth $709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENLT. BNP Paribas Financial Markets boosted its stake 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 buying an additional 881 shares during the last quarter. Bank of Montreal Can boosted its stake in Enlight Renewable Energy by 6.4% during the 2nd quarter. Bank of Montreal Can now owns 11,021 shares of the company’s stock valued at $251,000 after acquiring an additional 660 shares during the last quarter. Jane Street Group LLC increased its position in shares of Enlight Renewable Energy by 6.0% in the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after purchasing an additional 641 shares during the last quarter. TD Asset Management Inc increased its position in shares of Enlight Renewable Energy by 8.8% in the 2nd quarter. TD Asset Management Inc now owns 13,821 shares of the company’s stock worth $314,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Enlight Renewable Energy by 18.8% during the second quarter. Tidal Investments LLC now owns 15,943 shares of the company’s stock worth $362,000 after purchasing an additional 2,527 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Enlight Renewable Energy Stock Up 5.1%

Enlight Renewable Energy stock opened at $61.93 on Wednesday. Enlight Renewable Energy Ltd. has a fifty-two week low of $14.01 and a fifty-two week high of $62.94. The firm’s 50 day simple moving average is $47.17 and its 200-day simple moving average is $36.33. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.88 and a quick ratio of 0.88.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Enlight Renewable Energy had a net margin of 22.60% and a return on equity of 7.41%. The firm had revenue of $165.06 million during the quarter, compared to analyst estimates of $146.04 million. Analysts anticipate that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ENLT shares. UBS Group lifted their target price on Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $38.00 target price on shares of Enlight Renewable Energy in a report on Wednesday, January 7th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $35.00 price target on shares of Enlight Renewable Energy in a report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Monday, December 29th. Finally, Mizuho raised their target price on Enlight Renewable Energy from $24.00 to $27.00 and gave the company an “underperform” rating in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.83.

Enlight Renewable Energy 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.