First Trust Advisors LP Grows Position in Enphase Energy Inc (NASDAQ:ENPH)

Share on StockTwits

First Trust Advisors LP increased its position in shares of Enphase Energy Inc (NASDAQ:ENPH) by 187.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 446,337 shares of the semiconductor company’s stock after buying an additional 291,066 shares during the quarter. First Trust Advisors LP owned about 0.36% of Enphase Energy worth $11,663,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Enphase Energy by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 126,607 shares of the semiconductor company’s stock worth $2,814,000 after buying an additional 472 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Enphase Energy by 95.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,075 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,505 shares during the last quarter. California State Teachers Retirement System grew its stake in Enphase Energy by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 143,122 shares of the semiconductor company’s stock worth $3,182,000 after buying an additional 1,710 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Enphase Energy by 607.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,830 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,430 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in Enphase Energy during the 4th quarter worth approximately $75,000. Hedge funds and other institutional investors own 44.62% of the company’s stock.

Shares of ENPH stock opened at $41.09 on Friday. The business’s 50 day moving average is $32.29 and its two-hundred day moving average is $26.80. Enphase Energy Inc has a twelve month low of $7.01 and a twelve month high of $42.39. The company has a market capitalization of $5.06 billion, a P/E ratio of 121.59 and a beta of 0.93. The company has a current ratio of 2.67, a quick ratio of 2.46 and a debt-to-equity ratio of 0.66.

In other Enphase Energy news, CFO Eric Branderiz purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $17.70 per share, for a total transaction of $177,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeff Mcneil sold 7,000 shares of Enphase Energy stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $20.02, for a total value of $140,140.00. Following the completion of the sale, the chief operating officer now owns 305,038 shares in the company, valued at $6,106,860.76. The disclosure for this sale can be found here. Company insiders own 12.46% of the company’s stock.

A number of research firms recently issued reports on ENPH. TheStreet upgraded Enphase Energy from a “c+” rating to a “b” rating in a research note on Thursday, January 2nd. BidaskClub upgraded Enphase Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Goldman Sachs Group started coverage on Enphase Energy in a research note on Monday, December 2nd. They issued a “buy” rating and a $31.00 target price on the stock. B. Riley downgraded Enphase Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $28.00 to $35.00 in a research note on Thursday. Finally, Roth Capital set a $30.00 target price on Enphase Energy and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Enphase Energy has a consensus rating of “Buy” and a consensus price target of $35.46.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

Featured Story: What is the definition of a trade war?

Want to see what other hedge funds are holding ENPH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enphase Energy Inc (NASDAQ:ENPH).

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cetera Advisors LLC Has $483,000 Stake in Office Properties Income Trust
Cetera Advisors LLC Has $483,000 Stake in Office Properties Income Trust
Cetera Advisors LLC Trims Holdings in Intercontinental Exchange Inc
Cetera Advisors LLC Trims Holdings in Intercontinental Exchange Inc
Unilever NV  Shares Bought by Cetera Advisors LLC
Unilever NV Shares Bought by Cetera Advisors LLC
Allstate Corp  Shares Acquired by Cetera Advisors LLC
Allstate Corp Shares Acquired by Cetera Advisors LLC
14,315 Shares in Johnson & Johnson  Bought by Hummer Financial Advisory Services Inc
14,315 Shares in Johnson & Johnson Bought by Hummer Financial Advisory Services Inc
Cetera Advisors LLC Has $502,000 Holdings in Gilead Sciences, Inc.
Cetera Advisors LLC Has $502,000 Holdings in Gilead Sciences, Inc.


© 2006-2020 Ticker Report