Wealth Enhancement Advisory Services LLC Buys 284 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)



Wealth Enhancement Advisory Services LLC raised its stake in Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,147 shares of the semiconductor company’s stock after acquiring an additional 284 during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Enphase Energy were worth $1,979,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. its raised holdings in Enphase Energy by 7.4% in the 4th quarter. BlackRock Inc. Now owns 14,961,479 shares of the semiconductor company’s stock valued at $2,737,054,000 after acquiring an additional 1,030,920 shares during the period. State Street Corp grew its position in shares of Enphase Energy by 3.3% during the 4th quarter. State Street Corp now owns 5,222,204 shares of the semiconductor company’s stock worth $955,350,000 after purchasing an additional 166,746 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Enphase Energy by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,518,259 shares of the semiconductor company’s stock worth $459,596,000 after purchasing an additional 60,988 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Enphase Energy by 13.6% during the 4th quarter. Allianz Asset Management GmbH now owns 1,464,107 shares of the semiconductor company’s stock worth $267,902,000 after purchasing an additional 174,932 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Enphase Energy by 1.8% during the 4th quarter. Northern Trust Corp now owns 1,385,919 shares of the semiconductor company’s stock worth $253,540,000 after purchasing an additional 23,954 shares in the last quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Enphase Energy stock opened at $190.65 on Wednesday. Enphase Energy, Inc. has a fifty-two week low of $113.40 and a fifty-two week high of $282.46. The stock has a market cap of $25.74 billion, a PE ratio of 162.95, a price-to-earnings-growth ratio of 2.05 and a beta of 1.41. The firm’s 50-day simple moving average is $176.38 and its 200 day simple moving average is $171.09. The company has a debt-to-equity ratio of 3.62, a quick ratio of 3.22 and a current ratio of 3.44.

Enphase Energy (NASDAQ:ENPH – Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The semiconductor company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Enphase Energy had a net margin of 10.88% and a return on equity of 45.30%. The business had revenue of $441.29 million for the quarter, compared to analysts’ expectations of $434.21 million. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, analysts predict that Enphase Energy, Inc. will post 2.35 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. Credit Suisse Group increased their target price on shares of Enphase Energy from $163.00 to $174.00 in a research report on Thursday, April 28th. Craig Hallum decreased their target price on shares of Enphase Energy from $241.00 to $213.00 in a research report on Wednesday, April 27th. Stephens assumed coverage on shares of Enphase Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $280.00 target price on the stock. KeyCorp increased their price target on shares of Enphase Energy from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Finally, BMO Capital Markets increased their price target on shares of Enphase Energy from $215.00 to $240.00 in a research report on Friday, June 10th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Enphase Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.41.

In other Enphase Energy news, Director Joseph Ian Malchow sold 12,500 shares of Enphase Energy stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $188.00, for a total value of $2,350,000.00. Following the sale, the director now owns 67,590 shares of the company’s stock, valued at $12,706,920. The sale 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 stock was sold at an average price of $200.00, for a total transaction of $7,730,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,059,051 shares in the company, valued at approximately $211,810,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,850 shares of company stock worth $30,289,084. 4.80% of the stock is owned by corporate insiders.

Enphase Energy Profile (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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