Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its holdings in Enphase Energy, Inc. (NASDAQ:ENPH) by 318.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 669 shares of the semiconductor company’s stock after purchasing an additional 509 shares during the quarter. Venturi Wealth Management LLC’s holdings in Enphase Energy were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% in the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in Enphase Energy in the third quarter valued at approximately $34,000. Quarry LP purchased a new stake in Enphase Energy during the 3rd quarter worth $37,000. Blue Trust Inc. lifted its holdings in Enphase Energy by 109.1% in the 3rd quarter. Blue Trust Inc. now owns 437 shares of the semiconductor company’s stock worth $49,000 after buying an additional 228 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Enphase Energy in the 3rd quarter valued at about $55,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Enphase Energy Stock Down 1.9 %

NASDAQ ENPH opened at $64.83 on Wednesday. The company has a market capitalization of $8.59 billion, a P/E ratio of 87.61 and a beta of 1.68. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.53 and a quick ratio of 3.28. The company’s 50 day simple moving average is $66.42 and its 200 day simple moving average is $84.37. Enphase Energy, Inc. has a 12 month low of $58.33 and a 12 month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. Equities research analysts expect that Enphase Energy, Inc. will post 2.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Craig Hallum reduced their price target on Enphase Energy from $123.00 to $101.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Susquehanna reduced their price target on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Canaccord Genuity Group raised shares of Enphase Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $82.00 in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on shares of Enphase Energy from $83.00 to $77.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lowered their price target on Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $90.42.

Enphase Energy Profile

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