Dudley & Shanley Inc. Invests $2.02 Million in Enphase Energy, Inc. (NASDAQ:ENPH)

Dudley & Shanley Inc. bought a new position in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,300 shares of the semiconductor company’s stock, valued at approximately $2,022,000. Enphase Energy comprises approximately 0.4% of Dudley & Shanley Inc.’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also made changes to their positions in the stock. KB Financial Partners LLC acquired a new position in Enphase Energy in the first quarter valued at about $28,000. First Capital Advisors Group LLC. acquired a new position in shares of Enphase Energy during the second quarter worth about $28,000. Resurgent Financial Advisors LLC bought a new stake in Enphase Energy during the fourth quarter worth about $29,000. Geneos Wealth Management Inc. raised its holdings in Enphase Energy by 68.0% during the third quarter. Geneos Wealth Management Inc. now owns 252 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 102 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in Enphase Energy during the second quarter worth about $33,000. 71.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Enphase Energy

In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Enphase Energy news, EVP David A. Ranhoff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now directly owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Mora sold 24,285 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the transaction, the director now directly owns 3,126 shares of the company’s stock, valued at $376,964.34. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group assumed coverage on Enphase Energy in a research note on Tuesday, January 16th. They issued a “buy” rating and a $142.00 price objective on the stock. Truist Financial raised Enphase Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $85.00 to $145.00 in a research report on Tuesday, January 23rd. Wells Fargo & Company raised Enphase Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $98.00 to $141.00 in a research report on Monday, January 8th. Jefferies Financial Group began coverage on Enphase Energy in a research report on Friday, December 15th. They issued a “buy” rating and a $121.00 target price on the stock. Finally, Roth Mkm decreased their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $153.65.

Get Our Latest Analysis on ENPH

Enphase Energy Stock Up 1.5 %

Shares of Enphase Energy stock traded up $1.68 during trading hours on Thursday, reaching $115.38. The company’s stock had a trading volume of 3,216,258 shares, compared to its average volume of 4,309,914. The company has a debt-to-equity ratio of 1.32, a quick ratio of 4.19 and a current ratio of 4.59. The stock’s fifty day simple moving average is $116.62 and its two-hundred day simple moving average is $112.97. The company has a market capitalization of $15.66 billion, a P/E ratio of 37.16, a P/E/G ratio of 3.02 and a beta of 1.48. Enphase Energy, Inc. has a one year low of $73.49 and a one year high of $231.42.

Enphase Energy (NASDAQ:ENPHGet Free Report) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Enphase Energy had a net margin of 19.16% and a return on equity of 47.73%. On average, research analysts forecast that Enphase Energy, Inc. will post 2.09 earnings per share for the current year.

About Enphase Energy

(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.

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

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