7. AFFORDABLE AND CLEAN ENERGY

Enlight Renewable Energy Ltd (NASDAQ:ENLT) Stake Reduced by Citigroup Inc.

Written by Amanda

Citigroup Inc. lowered its holdings in shares of Enlight Renewable Energy Ltd (NASDAQ:ENLTFree Report) by 14.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,811 shares of the company’s stock after selling 10,185 shares during the quarter. Citigroup Inc. owned about 0.05% of Enlight Renewable Energy worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swiss National Bank lifted its position in shares of Enlight Renewable Energy by 3.6% in the third quarter. Swiss National Bank now owns 260,411 shares of the company’s stock worth $4,098,000 after buying an additional 9,069 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Enlight Renewable Energy by 40.1% during the third quarter. Assenagon Asset Management S.A. now owns 410,362 shares of the company’s stock worth $6,476,000 after purchasing an additional 117,525 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its holdings in Enlight Renewable Energy by 7.5% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,830,384 shares of the company’s stock valued at $107,302,000 after purchasing an additional 477,897 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Enlight Renewable Energy in the third quarter valued at approximately $3,120,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Enlight Renewable Energy in the third quarter worth $3,226,000. Institutional investors and hedge funds own 32.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Mkm dropped their target price on shares of Enlight Renewable Energy from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st. Mizuho lifted their price objective on Enlight Renewable Energy from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.17.

Read Our Latest Research Report on Enlight Renewable Energy

Enlight Renewable Energy Stock Performance

NASDAQ ENLT opened at $17.09 on Friday. The company’s fifty day moving average is $17.75 and its two-hundred day moving average is $16.45. Enlight Renewable Energy Ltd has a 52-week low of $12.11 and a 52-week high of $20.44. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $1.98 billion and a price-to-earnings ratio of 29.98.

Enlight Renewable Energy (NASDAQ:ENLTGet Free Report) last released its earnings results on Monday, February 26th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). The firm had revenue of $73.83 million for the quarter, compared to analyst estimates of $85.36 million. Enlight Renewable Energy had a return on equity of 5.09% and a net margin of 27.74%. Equities research analysts forecast that Enlight Renewable Energy Ltd will post 0.69 EPS for the current year.

Enlight Renewable Energy Company Profile

(Free Report)

Enlight Renewable Energy Ltd operates as a renewable energy platform in Israel and internationally. The company initiates, plans, develops, constructs, and operates projects to produce electricity from renewable energy sources. It develops wind energy and solar energy projects, as well as energy storage projects.

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Source: americanbankingnews.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai