Rathbones Group PLC Increases Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Rathbones Group PLC increased its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,835 shares of the semiconductor company’s stock after purchasing an additional 1,140 shares during the period. Rathbones Group PLC’s holdings in Enphase Energy were worth $3,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Enphase Energy by 72.7% during the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 19,000 shares of the semiconductor company’s stock worth $1,305,000 after buying an additional 8,000 shares during the period. Nordea Investment Management AB raised its stake in Enphase Energy by 131.6% during the 4th quarter. Nordea Investment Management AB now owns 2,214,999 shares of the semiconductor company’s stock valued at $155,360,000 after acquiring an additional 1,258,778 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Enphase Energy during the 4th quarter worth approximately $5,324,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Enphase Energy in the 4th quarter valued at approximately $584,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Enphase Energy by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 937,016 shares of the semiconductor company’s stock valued at $64,354,000 after purchasing an additional 56,676 shares during the period. 72.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thurman J. Rodgers sold 100,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $61.26, for a total value of $6,126,000.00. Following the completion of the sale, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. This trade represents a 5.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $63.32, for a total transaction of $83,519.08. Following the sale, the chief financial officer now owns 78,524 shares in the company, valued at $4,972,139.68. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ENPH. Redburn Atlantic initiated coverage on shares of Enphase Energy in a research report on Monday, March 3rd. They issued a “neutral” rating on the stock. Wells Fargo & Company dropped their price target on shares of Enphase Energy from $77.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays lowered their price objective on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. OTR Global raised Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price target on Enphase Energy from $121.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Enphase Energy currently has an average rating of “Hold” and a consensus target price of $89.79.

Enphase Energy Trading Down 2.6 %

ENPH stock opened at $55.76 on Tuesday. Enphase Energy, Inc. has a 52 week low of $51.63 and a 52 week high of $141.63. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 75.35 and a beta of 1.94. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $61.83 and a 200-day simple moving average of $73.15.

Enphase Energy (NASDAQ:ENPH) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a return on equity of 15.62% and a net margin of 7.72%. On average, equities research analysts expect that Enphase Energy, Inc. will post 2.08 EPS for the current year.

About Enphase Energy

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.