Clal Insurance Enterprises Holdings Ltd Has $448.59 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 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,890,141 shares of the company’s stock after purchasing an additional 1,643,110 shares during the period. Enlight Renewable Energy accounts for approximately 2.9% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 7th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in Enlight Renewable Energy were worth $448,589,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Y.D. More Investments Ltd raised its position in Enlight Renewable Energy by 4.5% during the 4th quarter. Y.D. More Investments Ltd now owns 5,837,263 shares of the company’s stock worth $264,965,000 after purchasing an additional 252,446 shares during the last quarter. Vanguard Group Inc. raised its position in Enlight Renewable Energy by 11.3% during the 4th quarter. Vanguard Group Inc. now owns 4,950,674 shares of the company’s stock worth $225,058,000 after purchasing an additional 503,060 shares during the last quarter. Legal & General Group Plc raised its position in Enlight Renewable Energy by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 1,920,888 shares of the company’s stock worth $59,253,000 after purchasing an additional 53,103 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Enlight Renewable Energy by 35.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 607,377 shares of the company’s stock worth $27,611,000 after purchasing an additional 157,944 shares during the last quarter. Finally, Norges Bank bought a new position in Enlight Renewable Energy during the 4th quarter worth $17,875,000. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $95.73 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. The business has a 50-day moving average price of $88.09 and a two-hundred day moving average price of $67.80. Enlight Renewable Energy Ltd. has a 1-year low of $18.22 and a 1-year high of $108.65. The company has a market cap of $11.35 billion, a P/E ratio of 222.63, a PEG ratio of 34.13 and a beta of 1.56.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%.The firm had revenue of $156.49 million during the quarter. As a group, analysts anticipate that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENLT. UBS Group raised their target price on Enlight Renewable Energy from $105.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on Enlight Renewable Energy and gave the stock a “hold” rating in a research report on Thursday, April 9th. Barclays reiterated an “overweight” rating on shares of Enlight Renewable Energy in a report on Wednesday, February 18th. Finally, Mizuho set a $37.00 price target on Enlight Renewable Energy in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.17.

Insider Activity

In other news, Director Michal Tzuk sold 2,400 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $105.86, for a total value of $254,064.00. Following the completion of the sale, the director directly owned 2,712 shares in the company, valued at $287,092.32. This trade represents a 46.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Yitzhak Betzalel sold 2,062 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $103.64, for a total value of $213,705.68. Following the completion of the sale, the director owned 2 shares of the company’s stock, valued at approximately $207.28. This represents a 99.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 313,597 shares of company stock worth $29,830,515.

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.