Enphase Energy, Inc. (NASDAQ:ENPH) Shares Acquired by Greenleaf Trust

Posted by Defense World Staff on Apr 7th, 2023

Greenleaf Trust raised its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,039 shares of the semiconductor company’s stock after acquiring an additional 119 shares during the period. Greenleaf Trust’s holdings in Enphase Energy were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Enphase Energy by 31.5% in the 3rd quarter. Signaturefd LLC now owns 1,569 shares of the semiconductor company’s stock valued at $435,000 after purchasing an additional 376 shares during the period. Jackson Square Capital LLC lifted its stake in shares of Enphase Energy by 3.9% in the 3rd quarter. Jackson Square Capital LLC now owns 1,738 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 65 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Enphase Energy in the 2nd quarter valued at $4,836,000. Veriti Management LLC lifted its stake in shares of Enphase Energy by 7.5% in the 3rd quarter. Veriti Management LLC now owns 3,185 shares of the semiconductor company’s stock valued at $884,000 after purchasing an additional 223 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Enphase Energy by 4.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 94,484 shares of the semiconductor company’s stock valued at $26,216,000 after purchasing an additional 4,362 shares during the period. 73.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Enphase Energy

In other news, Director Richard Mora sold 4,500 shares of Enphase Energy stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $214.62, for a total transaction of $965,790.00. Following the completion of the transaction, the director now owns 1,600 shares of the company’s stock, valued at approximately $343,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP David A. Ranhoff sold 7,500 shares of Enphase Energy stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total transaction of $1,524,375.00. Following the completion of the transaction, the executive vice president now owns 97,102 shares of the company’s stock, valued at approximately $19,735,981.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Mora sold 4,500 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $214.62, for a total transaction of $965,790.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at approximately $343,392. The disclosure for this sale can be found here. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the subject of a number of analyst reports. Scotiabank initiated coverage on shares of Enphase Energy in a report on Thursday, March 2nd. They issued a “sector outperform” rating and a $300.00 price objective for the company. Citigroup upped their price objective on shares of Enphase Energy from $205.00 to $285.00 and gave the company a “buy” rating in a report on Friday, March 10th. The Goldman Sachs Group decreased their target price on shares of Enphase Energy from $329.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, March 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $255.00 target price on shares of Enphase Energy in a research report on Wednesday, February 8th. Finally, Morgan Stanley initiated coverage on shares of Enphase Energy in a research report on Monday. They issued an “equal weight” rating and a $268.00 target price on the stock. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $300.59.

Enphase Energy Price Performance

Enphase Energy stock opened at $191.00 on Friday. Enphase Energy, Inc. has a one year low of $128.67 and a one year high of $339.92. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.31 and a current ratio of 3.55. The business has a fifty day moving average of $208.95 and a two-hundred day moving average of $255.35. The company has a market cap of $26.07 billion, a P/E ratio of 68.95, a price-to-earnings-growth ratio of 1.14 and a beta of 1.54.

Enphase Energy Company Profile

(Get Rating)

Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.

Institutional Ownership by Quarter for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.