Natixis Advisors LLC Acquires 13,160 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Natixis Advisors LLC grew its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 116.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,421 shares of the semiconductor company’s stock after purchasing an additional 13,160 shares during the quarter. Natixis Advisors LLC’s holdings in Enphase Energy were worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Avior Wealth Management LLC raised its holdings in Enphase Energy by 6,975.0% during the third quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 279 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Enphase Energy in the 3rd quarter valued at approximately $34,000. Quarry LP acquired a new stake in Enphase Energy in the 3rd quarter worth approximately $37,000. Venturi Wealth Management LLC boosted its position in Enphase Energy by 318.1% during the fourth quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 509 shares during the period. Finally, Brooklyn Investment Group acquired a new position in Enphase Energy during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

Enphase Energy Stock Performance

NASDAQ ENPH opened at $62.16 on Tuesday. Enphase Energy, Inc. has a 1-year low of $51.63 and a 1-year high of $141.63. The company has a 50 day moving average of $62.50 and a 200-day moving average of $76.71. The company has a current ratio of 3.53, a quick ratio of 3.28 and a debt-to-equity ratio of 1.44. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 84.00 and a beta of 2.12.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price objective on shares of Enphase Energy from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, January 27th. The Goldman Sachs Group decreased their price target on shares of Enphase Energy from $121.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Susquehanna cut their price objective on Enphase Energy from $79.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Truist Financial reaffirmed a “hold” rating and issued a $65.00 target price (down previously from $100.00) on shares of Enphase Energy in a report on Thursday, January 16th. Finally, Barclays cut their price target on Enphase Energy from $91.00 to $86.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $90.42.

Insider Activity at Enphase Energy

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

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.