D. Scott Neal Inc. Acquires 1,222 Shares of Enphase Energy, Inc. (NASDAQ:ENPH)

D. Scott Neal Inc. lifted its holdings in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 28,360 shares of the semiconductor company’s stock after acquiring an additional 1,222 shares during the quarter. Enphase Energy comprises 3.6% of D. Scott Neal Inc.’s holdings, making the stock its 8th largest holding. D. Scott Neal Inc.’s holdings in Enphase Energy were worth $7,514,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Two Sigma Advisers LP raised its position in Enphase Energy by 850.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,418,909 shares of the semiconductor company’s stock valued at $393,705,000 after buying an additional 1,269,600 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Enphase Energy in the 3rd quarter valued at approximately $235,387,000. Jennison Associates LLC raised its position in Enphase Energy by 272.4% in the 3rd quarter. Jennison Associates LLC now owns 890,322 shares of the semiconductor company’s stock valued at $247,038,000 after buying an additional 651,254 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Enphase Energy in the 3rd quarter valued at approximately $178,809,000. Finally, Marshall Wace LLP raised its position in Enphase Energy by 20,574.9% in the 3rd quarter. Marshall Wace LLP now owns 610,944 shares of the semiconductor company’s stock valued at $169,521,000 after buying an additional 607,989 shares during the last quarter. Institutional investors and hedge funds own 73.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Oppenheimer lifted their target price on Enphase Energy from $323.00 to $328.00 in a research report on Wednesday, February 8th. Susquehanna Bancshares lowered Enphase Energy to a “neutral” rating and set a $365.00 target price on the stock. in a research report on Thursday, December 15th. Janney Montgomery Scott upgraded Enphase Energy from a “neutral” rating to a “buy” rating and set a $282.00 price target for the company in a research note on Monday, February 27th. Craig Hallum decreased their price target on Enphase Energy from $323.00 to $315.00 in a research note on Wednesday, February 8th. Finally, JPMorgan Chase & Co. decreased their price target on Enphase Energy from $310.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, February 8th. Seven investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $306.20.

Enphase Energy Stock Performance

ENPH opened at $183.64 on Friday. The business has a fifty day simple moving average of $217.78 and a 200 day simple moving average of $264.98. The company has a market capitalization of $25.07 billion, a PE ratio of 66.30, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. Enphase Energy, Inc. has a 1 year low of $128.67 and a 1 year high of $339.92. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.55 and a quick ratio of 3.31.

Insider Activity at Enphase Energy

In related news, Director Richard Mora sold 4,500 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the sale, the director now directly owns 1,600 shares in the company, valued at approximately $343,392. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP David A. Ranhoff sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $203.25, for a total value of $1,524,375.00. Following the completion of the sale, the executive vice president now directly owns 97,102 shares in the company, valued at approximately $19,735,981.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Mora sold 4,500 shares of Enphase Energy stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $214.62, for a total value of $965,790.00. Following the completion of the transaction, the director now directly owns 1,600 shares of the company’s stock, valued at $343,392. The disclosure for this sale can be found here. 4.80% of the stock is currently owned by corporate insiders.

Enphase Energy Profile

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Enphase Energy, Inc is a global energy technology company, which engages in the design, development, manufacture, and sale of micro inverter systems for the solar photovoltaic industry. The firm’s products include IQ 7 Microinverter Series, IQ Battery, IQ Envoy, IQ Microinverter Accessories, IQ Envoy Accessories and Enlighten & Apps.