Enlight Renewable Energy Ltd. $ENLT is Clal Insurance Enterprises Holdings Ltd’s 5th Largest Position

Clal Insurance Enterprises Holdings Ltd increased its position in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 18.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,688,077 shares of the company’s stock after purchasing an additional 1,797,936 shares during the period. Enlight Renewable Energy comprises about 4.7% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 5th biggest holding. Clal Insurance Enterprises Holdings Ltd owned 0.10% of Enlight Renewable Energy worth $774,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in 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 purchasing an additional 881 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth $56,000. Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter worth $241,000. Jane Street Group LLC grew its holdings in shares of Enlight Renewable Energy by 6.0% during the second quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock valued at $258,000 after buying an additional 641 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Enlight Renewable Energy during the fourth quarter valued at $277,000. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ENLT shares. Truist Financial started coverage on Enlight Renewable Energy in a research report on Monday, July 13th. They set a “buy” rating and a $106.00 price target on the stock. Wall Street Zen upgraded Enlight Renewable Energy from a “sell” rating to a “hold” rating in a research report on Monday. UBS Group lowered their target price on Enlight Renewable Energy from $123.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upped their target price on Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Enlight Renewable Energy has an average rating of “Hold” and a consensus price target of $75.00.

Insider Buying and Selling

In other news, Director Shai Yeshayahu Weil sold 73,436 shares of the firm’s stock in a transaction dated Monday, May 25th. The stock was sold at an average price of $93.68, for a total transaction of $6,879,484.48. Following the completion of the sale, the director directly owned 396,655 shares of the company’s stock, valued at $37,158,640.40. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gilad Yavetz sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $91.78, for a total value of $9,178,000.00. Following the sale, the chairman directly owned 846,436 shares of the company’s stock, valued at $77,685,896.08. This trade represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 313,597 shares of company stock worth $29,830,515.

Enlight Renewable Energy Trading Up 1.0%

Enlight Renewable Energy stock opened at $89.51 on Wednesday. Enlight Renewable Energy Ltd. has a 12 month low of $22.95 and a 12 month high of $108.65. 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 stock has a market cap of $10.61 billion, a P/E ratio of 208.17, a P/E/G ratio of 24.05 and a beta of 1.66. The company’s fifty day simple moving average is $90.70 and its 200-day simple moving average is $76.69.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business 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%. As a group, sell-side analysts forecast that Enlight Renewable Energy Ltd. will post 0.28 EPS for the current fiscal year.

Enlight Renewable Energy Company 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.