Clal Insurance Enterprises Holdings Ltd Has $253.99 Million Stock Holdings in Enlight Renewable Energy Ltd. $ENLT

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,247,031 shares of the company’s stock after purchasing an additional 173,009 shares during the quarter. Enlight Renewable Energy accounts for 1.9% of Clal Insurance Enterprises Holdings Ltd’s portfolio, making the stock its 11th largest holding. Clal Insurance Enterprises Holdings Ltd owned approximately 0.07% of Enlight Renewable Energy worth $253,986,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Y.D. More Investments Ltd lifted its position in shares of Enlight Renewable Energy by 50.5% during the 3rd quarter. Y.D. More Investments Ltd now owns 5,584,817 shares of the company’s stock worth $172,143,000 after buying an additional 1,875,084 shares during the period. Vanguard Group Inc. raised its stake in Enlight Renewable Energy by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,447,614 shares of the company’s stock worth $136,800,000 after acquiring an additional 70,338 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Enlight Renewable Energy by 3.9% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,722,610 shares of the company’s stock worth $84,837,000 after acquiring an additional 103,430 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Enlight Renewable Energy by 259.0% during the second quarter. Legal & General Group Plc now owns 1,867,785 shares of the company’s stock valued at $42,377,000 after acquiring an additional 1,347,458 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Enlight Renewable Energy by 9.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 279,789 shares of the company’s stock valued at $6,348,000 after purchasing an additional 24,653 shares in the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Enlight Renewable Energy Stock Down 4.0%

NASDAQ ENLT opened at $67.24 on Friday. Enlight Renewable Energy Ltd. has a 52 week low of $14.01 and a 52 week high of $81.28. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.67 and a quick ratio of 0.88. The stock has a fifty day moving average of $56.52 and a 200-day moving average of $41.34.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.17. The business had revenue of $124.19 million for the quarter, compared to analysts’ expectations of $146.12 million. Enlight Renewable Energy had a return on equity of 7.35% and a net margin of 22.69%. Analysts forecast that Enlight Renewable Energy Ltd. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ENLT shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $38.00 target price on shares of Enlight Renewable Energy in a research report on Wednesday, January 7th. Mizuho set a $37.00 price objective on shares of Enlight Renewable Energy in a report on Monday. Roth Mkm lifted their target price on shares of Enlight Renewable Energy from $30.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Barclays restated an “overweight” rating on shares of Enlight Renewable Energy in a research report on Wednesday, February 18th. Finally, UBS Group increased their target price on Enlight Renewable Energy to $65.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.50.

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.