SEB Asset Management AB Takes $438,000 Position in Enlight Renewable Energy Ltd. $ENLT

SEB Asset Management AB bought a new stake in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) in the 1st quarter, Holdings Channel.com reports. The firm bought 6,604 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ENLT. BNP Paribas Financial Markets increased its position in Enlight Renewable Energy by 256.1% during the second quarter. BNP Paribas Financial Markets now owns 1,225 shares of the company’s stock worth $28,000 after buying an additional 881 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at approximately $56,000. Savant Capital LLC acquired a new stake in shares of Enlight Renewable Energy in the fourth quarter valued at approximately $241,000. Jane Street Group LLC boosted its stake in shares of Enlight Renewable Energy by 6.0% during the 2nd quarter. Jane Street Group LLC now owns 11,366 shares of the company’s stock worth $258,000 after acquiring an additional 641 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Enlight Renewable Energy during the 4th quarter worth approximately $277,000. Institutional investors own 38.89% of the company’s stock.

Insider Activity at Enlight Renewable Energy

In other news, Vice Chairman Yair Seroussi sold 12,036 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $102.24, for a total value of $1,230,560.64. Following the completion of the sale, the insider owned 14,233 shares of the company’s stock, valued at approximately $1,455,181.92. The trade was a 45.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Israeli Ayelet Cohen sold 10,123 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $108.50, for a total transaction of $1,098,345.50. Following the completion of the transaction, the vice president owned 20,974 shares in the company, valued at $2,275,679. This trade represents a 32.55% 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENLT. Deutsche Bank Aktiengesellschaft set a $65.00 price target on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Friday, March 27th. Wall Street Zen upgraded shares of Enlight Renewable Energy from a “sell” rating to a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on shares of Enlight Renewable Energy from $57.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Finally, Barclays increased their price objective on shares of Enlight Renewable Energy from $83.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $75.00.

Enlight Renewable Energy Stock Performance

ENLT opened at $87.00 on Friday. The business has a fifty day simple moving average of $90.68 and a 200 day simple moving average of $77.38. The company has a market capitalization of $10.32 billion, a PE ratio of 202.33, a price-to-earnings-growth ratio of 24.49 and a beta of 1.66. Enlight Renewable Energy Ltd. has a 1 year low of $22.95 and a 1 year high of $108.65. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.77 and a quick ratio of 0.77.

Enlight Renewable Energy (NASDAQ:ENLT) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.16 EPS for the quarter. The firm had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. Research analysts expect that Enlight Renewable Energy Ltd. will post 0.28 EPS for the current 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.