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

D. Scott Neal Inc. boosted its stake in shares of Enphase Energy, Inc. (NASDAQ:ENPH – Get Rating) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,360 shares of the semiconductor company’s stock after buying an additional 1,222 shares during the period. Enphase Energy comprises 3.6% of D. Scott Neal Inc.’s investment portfolio, making the stock its 8th largest holding. D. Scott Neal Inc.’s holdings in Enphase Energy were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Telemus Capital LLC grew its stake in Enphase Energy by 49.6% during the 4th quarter. Telemus Capital LLC now owns 1,340 shares of the semiconductor company’s stock valued at $313,000 after acquiring an additional 444 shares in the last quarter. MADDEN SECURITIES Corp purchased a new position in Enphase Energy during the 4th quarter valued at about $1,561,000. FNY Investment Advisers LLC grew its stake in Enphase Energy by 1,166.1% during the 4th quarter. FNY Investment Advisers LLC now owns 747 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 688 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Enphase Energy during the 4th quarter valued at about $832,000. Finally, Align Wealth Management LLC purchased a new position in Enphase Energy during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 73.79% of the company’s stock.

Enphase Energy Stock Down 8.7 %

Shares of ENPH stock opened at $183.64 on Friday. Enphase Energy, Inc. has a 12 month low of $128.67 and a 12 month high of $339.92. The firm has a market cap 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. The stock has a 50 day moving average of $217.78 and a 200-day moving average of $264.98. The company has a quick ratio of 3.31, a current ratio of 3.55 and a debt-to-equity ratio of 1.45.

Insider Transactions at Enphase Energy

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ENPH. Scotiabank assumed coverage on Enphase Energy in a research note on Thursday, March 2nd. They set a “sector outperform” rating and a $300.00 target price on the stock. Craig Hallum lowered their price target on Enphase Energy from $323.00 to $315.00 in a research note on Wednesday, February 8th. Susquehanna lowered their price target on Enphase Energy from $365.00 to $275.00 and set a “neutral” rating for the company in a research note on Wednesday, February 8th. Daiwa Capital Markets assumed coverage on Enphase Energy in a research note on Friday, December 23rd. They issued an “outperform” rating and a $335.00 price target for the company. Finally, The Goldman Sachs Group lowered their price target on Enphase Energy from $379.00 to $327.00 and set a “buy” rating for the company in a research note on Monday, January 30th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $306.20.

Enphase Energy Company 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.