Enphase Energy, Inc. (NASDAQ:ENPH) Stock Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Enphase Energy, Inc. (NASDAQ:ENPH) by 109.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437 shares of the semiconductor company’s stock after buying an additional 228 shares during the period. Blue Trust Inc.’s holdings in Enphase Energy were worth $49,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ENPH. Manchester Capital Management LLC raised its holdings in shares of Enphase Energy by 1,068.4% in the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 203 shares in the last quarter. Chilton Capital Management LLC lifted its position in Enphase Energy by 2,733.3% in the 1st quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock worth $31,000 after buying an additional 246 shares in the last quarter. UMB Bank n.a. boosted its position in Enphase Energy by 784.8% during the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 259 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Enphase Energy in the 3rd quarter valued at approximately $34,000. Finally, Quest Partners LLC raised its holdings in shares of Enphase Energy by 11,525.0% during the 2nd quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 461 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on ENPH shares. BMO Capital Markets lowered their price target on Enphase Energy from $114.00 to $104.00 and set a “market perform” rating on the stock in a report on Monday, October 14th. Barclays cut their target price on Enphase Energy from $129.00 to $114.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Canaccord Genuity Group cut Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup decreased their price objective on shares of Enphase Energy from $114.00 to $99.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price objective on shares of Enphase Energy from $102.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Enphase Energy currently has a consensus rating of “Hold” and a consensus target price of $111.26.

Enphase Energy Stock Up 0.7 %

ENPH stock opened at $83.04 on Friday. Enphase Energy, Inc. has a fifty-two week low of $73.49 and a fifty-two week high of $141.63. The business has a 50-day moving average of $106.33 and a 200-day moving average of $110.97. The stock has a market capitalization of $11.22 billion, a P/E ratio of 188.73, a P/E/G ratio of 8.07 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, October 22nd. The semiconductor company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.12). The business had revenue of $380.90 million for the quarter, compared to analyst estimates of $392.51 million. Enphase Energy had a return on equity of 10.57% and a net margin of 4.91%. The firm’s revenue was down 30.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, sell-side analysts anticipate that Enphase Energy, Inc. will post 1.18 earnings per share for the current fiscal year.

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.