Fulton Breakefield Broenniman LLC Grows Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Fulton Breakefield Broenniman LLC increased its position in Enphase Energy, Inc. (NASDAQ:ENPH) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,386 shares of the semiconductor company’s stock after purchasing an additional 107 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Enphase Energy were worth $1,505,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Enphase Energy by 6.3% during the third quarter. CWM LLC now owns 4,040 shares of the semiconductor company’s stock valued at $485,000 after purchasing an additional 239 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Enphase Energy by 155.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,349 shares of the semiconductor company’s stock valued at $162,000 after buying an additional 820 shares during the last quarter. Oak Thistle LLC bought a new stake in Enphase Energy in the third quarter worth $259,000. Czech National Bank grew its stake in shares of Enphase Energy by 47.1% in the third quarter. Czech National Bank now owns 23,858 shares of the semiconductor company’s stock worth $2,867,000 after acquiring an additional 7,635 shares during the last quarter. Finally, Lane Generational LLC bought a new position in shares of Enphase Energy during the third quarter valued at $2,856,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Stock Performance

ENPH opened at $111.93 on Friday. The company has a 50 day simple moving average of $117.82 and a two-hundred day simple moving average of $111.85. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.16 and a quick ratio of 4.19. The firm has a market cap of $15.23 billion, a P/E ratio of 58.30, a PEG ratio of 3.29 and a beta of 1.47. Enphase Energy, Inc. has a 1-year low of $73.49 and a 1-year high of $192.22.

Enphase Energy (NASDAQ:ENPH) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. Enphase Energy had a net margin of 15.10% and a return on equity of 31.89%. The company had revenue of $302.57 million during the quarter, compared to the consensus estimate of $327.06 million. Equities analysts forecast that Enphase Energy, Inc. will post 1.56 earnings per share for the current fiscal year.

Insider Transactions at Enphase Energy

In related news, EVP David A. Ranhoff sold 5,000 shares of Enphase Energy stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $108.89, for a total transaction of $544,450.00. Following the sale, the executive vice president now owns 124,948 shares of the company’s stock, valued at approximately $13,605,587.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Richard Mora sold 24,285 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $120.59, for a total transaction of $2,928,528.15. Following the completion of the transaction, the director now owns 3,126 shares in the company, valued at $376,964.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David A. Ranhoff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $108.89, for a total value of $544,450.00. Following the completion of the sale, the executive vice president now owns 124,948 shares in the company, valued at $13,605,587.72. The disclosure for this sale can be found here. Insiders sold a total of 54,285 shares of company stock valued at $6,148,228 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Wall Street Analysts Forecast Growth

ENPH has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of Enphase Energy from $133.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada lowered their price objective on Enphase Energy from $140.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley lifted their target price on Enphase Energy from $97.00 to $106.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. B. Riley upped their price target on Enphase Energy from $121.00 to $149.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial decreased their target price on Enphase Energy from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $137.41.

Enphase Energy 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.