Enlight Renewable Energy (NASDAQ:ENLT) Vice Chairman Yair Seroussi Sells 12,036 Shares of Stock

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) Vice Chairman Yair Seroussi sold 12,036 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $102.24, for a total value of $1,230,560.64. Following the completion of the transaction, the insider owned 14,233 shares of the company’s stock, valued at $1,455,181.92. The trade was a 45.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Yair Seroussi also recently made the following trade(s):

• On Monday, May 25th, Yair Seroussi sold 14,372 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $93.34, for a total value of $1,341,482.48.
• On Friday, May 8th, Yair Seroussi sold 3,033 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $89.04, for a total value of $270,058.32.
• On Thursday, May 7th, Yair Seroussi sold 22,505 shares of Enlight Renewable Energy stock. The shares were sold at an average price of $90.63, for a total value of $2,039,628.15.

Enlight Renewable Energy Stock Down 2.0%

Enlight Renewable Energy stock opened at $105.22 on Tuesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 244.70, a price-to-earnings-growth ratio of 38.92 and a beta of 1.51. Enlight Renewable Energy Ltd. has a fifty-two week low of $18.22 and a fifty-two week high of $108.65. The stock’s fifty day moving average is $83.54 and its two-hundred day moving average is $64.32.

Enlight Renewable Energy (NASDAQ:ENLT) last posted its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The company had revenue of $156.49 million for the quarter. Enlight Renewable Energy had a return on equity of 2.48% and a net margin of 9.47%. Analysts predict that Enlight Renewable Energy Ltd. will post 0.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Enlight Renewable Energy in a report on Friday, March 27th. Barclays reaffirmed an “overweight” rating on shares of Enlight Renewable Energy in a research note on Wednesday, February 18th. Mizuho set a $37.00 price objective on Enlight Renewable Energy in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on Enlight Renewable Energy and gave the company a “hold” rating in a research note on Thursday, April 9th. Finally, UBS Group increased their price objective on Enlight Renewable Energy from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.17.

Institutional Trading of Enlight Renewable Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ENLT. Public Employees Retirement System of Ohio raised its holdings in shares of Enlight Renewable Energy by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 48,095 shares of the company’s stock valued at $3,185,000 after buying an additional 127 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Enlight Renewable Energy by 2.7% during the 1st quarter. Quantinno Capital Management LP now owns 6,506 shares of the company’s stock valued at $435,000 after buying an additional 170 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Enlight Renewable Energy by 0.9% during the 4th quarter. Advisors Asset Management Inc. now owns 26,865 shares of the company’s stock valued at $1,221,000 after buying an additional 251 shares during the period. Mariner LLC raised its holdings in shares of Enlight Renewable Energy by 4.1% during the 3rd quarter. Mariner LLC now owns 10,070 shares of the company’s stock valued at $314,000 after buying an additional 396 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Enlight Renewable Energy during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 38.89% of the company’s stock.

About Enlight Renewable Energy

Enlight Renewable Energy Ltd. (NASDAQ:ENLT) is an independent power producer specializing in the development, financing, construction and operation of renewable energy assets. The company’s portfolio encompasses utility-scale solar photovoltaic (PV) farms, onshore wind farms and energy storage facilities. By providing end-to-end project management—from site identification and feasibility studies through engineering procurement and construction (EPC) to long-term operations and maintenance—Enlight seeks to deliver reliable clean power under long-term power purchase agreements (PPAs).

Founded in 2008 and headquartered in Tel Aviv, Enlight has pursued an international growth strategy with operational and development projects in Israel and Western Europe.