TD Asset Management Inc Acquires 1,114 Shares of Enlight Renewable Energy Ltd. $ENLT

TD Asset Management Inc boosted its holdings in Enlight Renewable Energy Ltd. (NASDAQ:ENLT) by 8.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,821 shares of the company’s stock after acquiring an additional 1,114 shares during the quarter. TD Asset Management Inc’s holdings in Enlight Renewable Energy were worth $314,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its position in Enlight Renewable Energy by 39.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,081 shares of the company’s stock valued at $320,000 after acquiring an additional 4,008 shares in the last quarter. Meitav Investment House Ltd. lifted its position in Enlight Renewable Energy by 0.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 5,668,798 shares of the company’s stock valued at $128,607,000 after acquiring an additional 19,582 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Enlight Renewable Energy in the 2nd quarter valued at about $106,000. USS Investment Management Ltd lifted its position in Enlight Renewable Energy by 53.6% in the 1st quarter. USS Investment Management Ltd now owns 87,757 shares of the company’s stock valued at $1,418,000 after acquiring an additional 30,642 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Enlight Renewable Energy by 70.7% in the 1st quarter. Advisors Asset Management Inc. now owns 27,565 shares of the company’s stock valued at $445,000 after acquiring an additional 11,414 shares in the last quarter. Institutional investors own 38.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ENLT. Wall Street Zen cut shares of Enlight Renewable Energy from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 target price on shares of Enlight Renewable Energy in a research report on Wednesday, October 1st. Barclays lifted their target price on shares of Enlight Renewable Energy from $26.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a research report on Wednesday, October 8th. Finally, Mizuho set a $21.00 target price on shares of Enlight Renewable Energy and gave the stock an “underperform” rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Enlight Renewable Energy currently has a consensus rating of “Hold” and a consensus price target of $28.40.

Enlight Renewable Energy Trading Up 2.3%

NASDAQ:ENLT opened at $34.04 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.10. The firm’s 50 day moving average is $29.95 and its 200 day moving average is $23.78. Enlight Renewable Energy Ltd. has a 12 month low of $14.01 and a 12 month high of $35.10.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The company had revenue of $36.37 million during the quarter, compared to the consensus estimate of $424.05 million. Enlight Renewable Energy had a return on equity of 7.48% and a net margin of 23.58%. Equities research analysts expect that Enlight Renewable Energy Ltd. will post 0.41 earnings per share for the current fiscal year.

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.