Enlight Renewable Energy Ltd (NASDAQ:ENLT) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 4,278.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,525 shares of the company’s stock after purchasing an additional 24,942 shares during the quarter. Barclays PLC’s holdings in Enlight Renewable Energy were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ENLT. Advisors Asset Management Inc. lifted its stake in Enlight Renewable Energy by 1,181.5% in the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock valued at $241,000 after buying an additional 13,150 shares during the last quarter. Susquehanna International Group Ltd. purchased a new stake in Enlight Renewable Energy in the 2nd quarter valued at $253,000. Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy during the 3rd quarter worth $655,000. Y.D. More Investments Ltd grew its position in Enlight Renewable Energy by 94,919.7% during the 2nd quarter. Y.D. More Investments Ltd now owns 1,957,405 shares of the company’s stock worth $31,166,000 after purchasing an additional 1,955,345 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Enlight Renewable Energy by 4.2% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after purchasing an additional 353,750 shares during the period. Hedge funds and other institutional investors own 38.89% of the company’s stock.

Enlight Renewable Energy Price Performance

Enlight Renewable Energy stock opened at $17.43 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50 day simple moving average of $16.28 and a 200-day simple moving average of $16.09. Enlight Renewable Energy Ltd has a 12 month low of $14.09 and a 12 month high of $18.61. The stock has a market capitalization of $2.01 billion, a PE ratio of 39.61 and a beta of 1.70.

Enlight Renewable Energy (NASDAQ:ENLT) last announced its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. Enlight Renewable Energy’s quarterly revenue was up 87.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities analysts predict that Enlight Renewable Energy Ltd will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays increased their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

Enlight Renewable Energy Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.