Barclays PLC Raises Holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT)

Barclays PLC grew its holdings in Enlight Renewable Energy Ltd (NASDAQ:ENLT) by 4,278.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,525 shares of the company’s stock after buying 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 institutional investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Enlight Renewable Energy in the third quarter valued at $655,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Enlight Renewable Energy by 4.2% in the 3rd 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 in the last quarter. Geode Capital Management LLC lifted its stake in shares of Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after purchasing an additional 907 shares during the period. Susquehanna International Group Ltd. purchased a new stake in Enlight Renewable Energy during the second quarter worth about $253,000. Finally, Advisors Asset Management Inc. grew its position in Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company’s stock worth $241,000 after buying an additional 13,150 shares during the period. 38.89% of the stock is currently owned by hedge funds and other institutional investors.

Enlight Renewable Energy Trading Up 3.0 %

Shares of ENLT stock opened at $17.10 on Friday. The stock has a market cap of $1.98 billion, a P/E ratio of 38.86 and a beta of 1.53. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. Enlight Renewable Energy Ltd has a fifty-two week low of $14.09 and a fifty-two week high of $18.48. The business has a fifty day simple moving average of $16.51 and a 200-day simple moving average of $16.15.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same period last year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 87.8% on a year-over-year basis. On average, analysts forecast that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Enlight Renewable Energy Company 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.