Wesbanco Bank Inc. acquired a new position in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,565 shares of the semiconductor company’s stock, valued at approximately $1,210,000.
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A number of other hedge funds also recently modified their holdings of ENPH. Regal Investment Advisors LLC increased its stake in shares of Enphase Energy by 2.6% in the 3rd quarter. Regal Investment Advisors LLC now owns 1,328 shares of the semiconductor company’s stock valued at $368,000 after buying an additional 34 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Enphase Energy by 5.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 910 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 43 shares during the period. Baillie Gifford & Co. boosted its position in shares of Enphase Energy by 4.2% in the 3rd quarter. Baillie Gifford & Co. now owns 1,168 shares of the semiconductor company’s stock worth $325,000 after purchasing an additional 47 shares during the last quarter. Childress Capital Advisors LLC boosted its position in shares of Enphase Energy by 4.1% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,207 shares of the semiconductor company’s stock worth $335,000 after purchasing an additional 48 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Enphase Energy by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock worth $1,603,000 after purchasing an additional 48 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.
Insiders Place Their Bets
In other Enphase Energy news, Director Richard Mora sold 4,500 shares of Enphase Energy stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total transaction of $965,790.00. Following the transaction, the director now owns 1,600 shares of the company’s stock, valued at approximately $343,392. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Richard Mora sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total transaction of $965,790.00. Following the completion of the sale, the director now owns 1,600 shares in the company, valued at approximately $343,392. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David A. Ranhoff sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total transaction of $1,524,375.00. Following the sale, the executive vice president now owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The disclosure for this sale can be found here. Insiders own 4.80% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Piper Sandler restated a “neutral” rating and issued a $255.00 price target on shares of Enphase Energy in a research report on Wednesday, February 8th. StockNews.com assumed coverage on Enphase Energy in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. The Goldman Sachs Group reduced their price target on Enphase Energy from $379.00 to $327.00 and set a “buy” rating on the stock in a research report on Monday, January 30th. Raymond James upgraded Enphase Energy from a “market perform” rating to an “outperform” rating and set a $225.00 target price on the stock in a report on Monday, March 20th. Finally, Truist Financial reduced their target price on Enphase Energy from $325.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, February 3rd. Six research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy has a consensus rating of “Moderate Buy” and an average target price of $303.08.
Enphase Energy Price Performance
Shares of NASDAQ ENPH opened at $195.99 on Friday. Enphase Energy, Inc. has a fifty-two week low of $128.67 and a fifty-two week high of $339.92. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 70.75, a PEG ratio of 1.14 and a beta of 1.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.31 and a current ratio of 3.55. The firm’s 50-day simple moving average is $214.16 and its 200 day simple moving average is $262.07.
About Enphase Energy
Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.
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