Stamos Capital Partners L.P. Has $484,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Stamos Capital Partners L.P. reduced its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPHFree Report) by 85.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,660 shares of the semiconductor company’s stock after selling 20,920 shares during the period. Stamos Capital Partners L.P.’s holdings in Enphase Energy were worth $484,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ENPH. Bogart Wealth LLC acquired a new stake in shares of Enphase Energy in the fourth quarter valued at approximately $26,000. CVA Family Office LLC bought a new position in shares of Enphase Energy in the fourth quarter valued at $31,000. Parkside Financial Bank & Trust grew its stake in shares of Enphase Energy by 131.3% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 176 shares in the last quarter. Covestor Ltd grew its stake in shares of Enphase Energy by 61.6% in the third quarter. Covestor Ltd now owns 349 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 133 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Enphase Energy by 1,447.6% in the fourth quarter. Addison Advisors LLC now owns 325 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 304 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Price Performance

NASDAQ:ENPH traded down $9.55 during trading hours on Friday, hitting $122.75. The company’s stock had a trading volume of 3,724,300 shares, compared to its average volume of 3,586,301. Enphase Energy, Inc. has a twelve month low of $73.49 and a twelve month high of $192.22. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 3.78. The stock has a fifty day simple moving average of $116.77 and a 200-day simple moving average of $116.50. The company has a market capitalization of $16.70 billion, a P/E ratio of 63.93, a PEG ratio of 5.09 and a beta of 1.77.

Enphase Energy (NASDAQ:ENPHGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.17). The company had revenue of $263.34 million for the quarter, compared to the consensus estimate of $280.06 million. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. On average, analysts anticipate that Enphase Energy, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENPH. TD Cowen raised their target price on shares of Enphase Energy from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Barclays raised shares of Enphase Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $134.00 in a research note on Friday, April 26th. Royal Bank of Canada decreased their target price on shares of Enphase Energy from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Wells Fargo & Company decreased their target price on shares of Enphase Energy from $141.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Finally, Oppenheimer lifted their price objective on shares of Enphase Energy from $133.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $134.10.

Read Our Latest Analysis on Enphase Energy

Insider Activity

In related news, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the sale, the executive vice president now owns 124,948 shares in the company, valued at approximately $13,605,587.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction on Friday, March 15th. The shares were sold at an average price of $108.89, for a total transaction of $544,450.00. Following the transaction, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thurman J. Rodgers sold 319,526 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $126.53, for a total value of $40,429,624.78. Following the completion of the sale, the director now owns 1,984,562 shares of the company’s stock, valued at $251,106,629.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,526 shares of company stock worth $43,649,325. Insiders own 3.40% of the company’s stock.

Enphase Energy 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.

Further Reading

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

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