Shell Asset Management Co. Buys 798 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Shell Asset Management Co. boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 13.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,626 shares of the semiconductor company’s stock after buying an additional 798 shares during the quarter. Shell Asset Management Co.’s holdings in Enphase Energy were worth $796,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans lifted its position in Enphase Energy by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 5,778 shares of the semiconductor company’s stock valued at $1,603,000 after purchasing an additional 48 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Enphase Energy by 1.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,222 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 72 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Enphase Energy by 4.2% in the second quarter. O Shaughnessy Asset Management LLC now owns 1,820 shares of the semiconductor company’s stock valued at $305,000 after acquiring an additional 74 shares in the last quarter. Huntington National Bank lifted its position in shares of Enphase Energy by 6.9% in the second quarter. Huntington National Bank now owns 1,243 shares of the semiconductor company’s stock valued at $208,000 after acquiring an additional 80 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Enphase Energy by 7.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,100 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 80 shares in the last quarter. 71.05% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy Stock Up 4.8 %

Shares of NASDAQ:ENPH opened at $122.47 on Friday. Enphase Energy, Inc. has a 1 year low of $73.49 and a 1 year high of $231.42. The business has a 50 day simple moving average of $115.40 and a two-hundred day simple moving average of $116.14. The firm has a market capitalization of $16.72 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 2.69 and a beta of 1.48. The company has a debt-to-equity ratio of 1.32, a current ratio of 4.59 and a quick ratio of 3.13.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Daiwa Capital Markets downgraded Enphase Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $145.00 to $100.00 in a research report on Tuesday, October 24th. BNP Paribas assumed coverage on Enphase Energy in a research report on Friday, October 20th. They issued a “neutral” rating and a $131.00 price objective on the stock. Truist Financial upgraded Enphase Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from $85.00 to $145.00 in a research report on Tuesday, January 23rd. BMO Capital Markets boosted their price objective on Enphase Energy from $106.00 to $110.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Roth Mkm reduced their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.23.

Get Our Latest Analysis on ENPH

Insider Buying and Selling at Enphase Energy

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman bought 1,118 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $90.23 per share, for a total transaction of $100,877.14. Following the completion of the transaction, the chief executive officer now directly owns 1,272,015 shares of the company’s stock, valued at $114,773,913.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

Enphase Energy Company Profile

(Free Report)

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 services.

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

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