Enlight Renewable Energy (NASDAQ:ENLT) Insider Sells $331,471.53 in Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLTGet Free Report) insider Amit Paz sold 4,329 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $76.57, for a total transaction of $331,471.53. Following the sale, the insider directly owned 279,683 shares in the company, valued at approximately $21,415,327.31. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Enlight Renewable Energy Stock Down 1.8%

Shares of ENLT stock traded down $1.35 during trading hours on Monday, reaching $72.87. 93,655 shares of the stock were exchanged, compared to its average volume of 184,993. The business’s fifty day moving average is $83.05 and its two-hundred day moving average is $83.17. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.12 and a quick ratio of 1.12. Enlight Renewable Energy Ltd. has a 12-month low of $28.03 and a 12-month high of $108.65. The firm has a market capitalization of $8.64 billion, a P/E ratio of 117.70, a P/E/G ratio of 58.03 and a beta of 1.65.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $165.99 million during the quarter. Enlight Renewable Energy had a net margin of 12.35% and a return on equity of 3.52%. As a group, research analysts expect that Enlight Renewable Energy Ltd. will post 0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Enlight Renewable Energy

Hedge funds have recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Enlight Renewable Energy by 18.2% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 11,688,077 shares of the company’s stock valued at $774,113,000 after acquiring an additional 1,797,936 shares during the period. Altshuler Shaham Ltd grew its position in Enlight Renewable Energy by 705.5% during the 1st quarter. Altshuler Shaham Ltd now owns 4,712,641 shares of the company’s stock worth $311,645,000 after purchasing an additional 4,127,573 shares during the last quarter. Legal & General Group Plc increased its stake in Enlight Renewable Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock valued at $59,253,000 after purchasing an additional 53,103 shares during the period. Invesco Ltd. increased its stake in Enlight Renewable Energy by 19.0% in the fourth quarter. Invesco Ltd. now owns 1,468,914 shares of the company’s stock valued at $66,777,000 after purchasing an additional 234,306 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Enlight Renewable Energy by 68.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 995,347 shares of the company’s stock valued at $66,126,000 after buying an additional 404,304 shares during the last quarter. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENLT shares. Truist Financial assumed coverage on Enlight Renewable Energy in a research report on Monday, July 13th. They set a “buy” rating and a $106.00 price objective for the company. Barclays boosted their target price on Enlight Renewable Energy from $83.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Wall Street Zen downgraded Enlight Renewable Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Enlight Renewable Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Finally, UBS Group reduced their price objective on shares of Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.00.

Check Out Our Latest Stock Analysis on ENLT

Enlight Renewable Energy Company Profile

(Get Free Report)

Enlight Renewable Energy Ltd. is a renewable energy company that develops, finances, constructs, owns and operates utility-scale clean energy projects. Its activities focus primarily on solar photovoltaic, wind energy and energy storage systems, with projects designed to generate electricity and support the reliability and flexibility of power grids.

The company manages projects across multiple stages of the renewable energy value chain, including site development, permitting, power purchase arrangements, construction and long-term operation.

See Also

Insider Buying and Selling by Quarter for Enlight Renewable Energy (NASDAQ:ENLT)

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