Kestra Private Wealth Services LLC Has $758,000 Stock Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Kestra Private Wealth Services LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) by 99.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,759 shares of the semiconductor company’s stock after buying an additional 1,872 shares during the period. Kestra Private Wealth Services LLC’s holdings in Enphase Energy were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENPH. Guggenheim Capital LLC lifted its stake in shares of Enphase Energy by 44.2% in the fourth quarter. Guggenheim Capital LLC now owns 54,224 shares of the semiconductor company’s stock valued at $9,920,000 after buying an additional 16,613 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Enphase Energy by 41.5% during the 1st quarter. MetLife Investment Management LLC now owns 42,188 shares of the semiconductor company’s stock valued at $8,513,000 after purchasing an additional 12,381 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Enphase Energy by 10.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 25,407 shares of the semiconductor company’s stock worth $5,195,000 after purchasing an additional 2,336 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Enphase Energy by 5.2% in the first quarter. Kestra Advisory Services LLC now owns 12,863 shares of the semiconductor company’s stock worth $2,595,000 after purchasing an additional 631 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Enphase Energy by 38.0% during the first quarter. Natixis Advisors L.P. now owns 40,047 shares of the semiconductor company’s stock valued at $8,081,000 after buying an additional 11,019 shares during the last quarter. 71.22% of the stock is owned by institutional investors.

Insider Transactions at Enphase Energy

In related news, CEO Badrinarayanan Kothandaraman sold 38,650 shares of the company’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the sale, the chief executive officer now owns 1,059,051 shares of the company’s stock, valued at approximately $211,810,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Enphase Energy news, Director Steven J. Gomo sold 35,822 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $279.21, for a total value of $10,001,860.62. Following the sale, the director now owns 41,456 shares of the company’s stock, valued at approximately $11,574,929.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Badrinarayanan Kothandaraman sold 38,650 shares of Enphase Energy stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $200.00, for a total value of $7,730,000.00. Following the sale, the chief executive officer now owns 1,059,051 shares of the company’s stock, valued at approximately $211,810,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,271 shares of company stock valued at $56,273,642. 4.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. KeyCorp increased their price target on Enphase Energy from $230.00 to $363.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Cowen boosted their price target on shares of Enphase Energy from $240.00 to $278.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. The Goldman Sachs Group upped their price objective on shares of Enphase Energy from $290.00 to $328.00 and gave the stock a “buy” rating in a research report on Thursday, September 8th. Guggenheim cut shares of Enphase Energy from a “buy” rating to a “neutral” rating in a research report on Friday, September 9th. Finally, Piper Sandler upped their target price on Enphase Energy from $230.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $273.17.

Enphase Energy Trading Up 1.9 %

NASDAQ:ENPH opened at $318.01 on Monday. Enphase Energy, Inc. has a 1 year low of $113.40 and a 1 year high of $324.84. The stock’s fifty day moving average price is $272.78 and its two-hundred day moving average price is $214.35. The company has a debt-to-equity ratio of 2.66, a current ratio of 3.62 and a quick ratio of 3.35. The company has a market cap of $43.08 billion, a P/E ratio of 222.39, a P/E/G ratio of 2.33 and a beta of 1.51.

Enphase Energy (NASDAQ:ENPHGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. Enphase Energy had a return on equity of 56.60% and a net margin of 11.71%. The company had revenue of $530.20 million for the quarter, compared to analyst estimates of $506.57 million. As a group, analysts expect that Enphase Energy, Inc. will post 2.9 EPS for the current year.

About Enphase Energy

(Get Rating)

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 services.

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

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