Schroder Investment Management Group Purchases 331,917 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

Schroder Investment Management Group boosted its position in shares of Enphase Energy, Inc. (NASDAQ:ENPH) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,451,414 shares of the semiconductor company’s stock after acquiring an additional 331,917 shares during the quarter. Schroder Investment Management Group’s holdings in Enphase Energy were worth $99,683,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ENPH. Quarry LP purchased a new stake in Enphase Energy in the 3rd quarter worth approximately $37,000. Venturi Wealth Management LLC lifted its stake in shares of Enphase Energy by 318.1% during the 4th quarter. Venturi Wealth Management LLC now owns 669 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 509 shares in the last quarter. Sava Infond d.o.o. bought a new position in Enphase Energy in the 4th quarter worth $69,000. Avior Wealth Management LLC increased its stake in Enphase Energy by 269.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,045 shares of the semiconductor company’s stock worth $72,000 after buying an additional 762 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new stake in Enphase Energy during the fourth quarter valued at about $96,000. Institutional investors own 72.12% of the company’s stock.

Insider Buying and Selling at Enphase Energy

In related news, CFO Mandy Yang sold 1,319 shares of Enphase Energy stock in a transaction dated 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 in the company, valued at $4,972,139.68. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $6,126,000.00. Following the transaction, the director now owns 1,881,760 shares in the company, valued at approximately $115,276,617.60. The trade was a 5.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENPH has been the subject of several research analyst reports. Citigroup cut Enphase Energy from a “neutral” rating to a “negative” rating in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Enphase Energy from $77.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of Enphase Energy from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Redburn Atlantic assumed coverage on shares of Enphase Energy in a research note on Monday, March 3rd. They set a “neutral” rating for the company. Finally, OTR Global upgraded shares of Enphase Energy from a “negative” rating to a “mixed” rating in a research note on Friday, December 20th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.36.

Enphase Energy Price Performance

ENPH opened at $61.65 on Monday. The business has a fifty day moving average of $62.24 and a 200 day moving average of $75.43. The stock has a market cap of $8.17 billion, a P/E ratio of 83.31 and a beta of 2.12. The company has a quick ratio of 3.28, a current ratio of 3.53 and a debt-to-equity ratio of 1.44. Enphase Energy, Inc. has a 52-week low of $51.63 and a 52-week high of $141.63.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.14. Enphase Energy had a net margin of 7.72% and a return on equity of 15.62%. As a group, sell-side analysts anticipate that Enphase Energy, Inc. will post 2.08 EPS for the current year.

Enphase Energy Company Profile

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.