Enlight Renewable Energy Ltd. $ENLT Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its position in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,130 shares of the company’s stock after selling 13,130 shares during the period. Rockefeller Capital Management L.P.’s holdings in Enlight Renewable Energy were worth $597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amundi grew its holdings in Enlight Renewable Energy by 2.3% in the first quarter. Amundi now owns 74,681 shares of the company’s stock valued at $1,160,000 after purchasing an additional 1,647 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Enlight Renewable Energy by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 108,157 shares of the company’s stock worth $2,458,000 after buying an additional 773 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Enlight Renewable Energy during the 2nd quarter worth $815,000. First Trust Advisors LP boosted its position in shares of Enlight Renewable Energy by 9.6% in the 2nd quarter. First Trust Advisors LP now owns 70,516 shares of the company’s stock worth $1,600,000 after buying an additional 6,201 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position 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 worth $6,348,000 after buying an additional 24,653 shares in the last quarter. 38.89% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Enlight Renewable Energy

In related news, Director Shai Yeshayahu Weil sold 73,436 shares of the firm’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of $93.68, for a total transaction of $6,879,484.48. Following the sale, the director owned 396,655 shares in the company, valued at approximately $37,158,640.40. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $90.63, for a total transaction of $2,039,628.15. Following the completion of the sale, the insider directly owned 14,233 shares of the company’s stock, valued at $1,289,936.79. The trade was a 61.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 313,597 shares of company stock valued at $29,830,515.

Enlight Renewable Energy Price Performance

NASDAQ:ENLT opened at $84.26 on Friday. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 195.96, a price-to-earnings-growth ratio of 30.53 and a beta of 1.66. 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 company’s 50-day moving average is $91.43 and its two-hundred day moving average is $72.78. Enlight Renewable Energy Ltd. has a 12-month low of $22.95 and a 12-month high of $108.65.

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

Wall Street Analysts Forecast Growth

ENLT has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $65.00 price target on shares of Enlight Renewable Energy and gave the company a “hold” rating in a report on Thursday, April 9th. Wall Street Zen upgraded shares of Enlight Renewable Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. JPMorgan Chase & Co. raised their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 6th. Finally, UBS Group lifted their price objective 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. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.17.

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.