Green Plains Renewable Energy Inc. (GPRE) Stock Price Down 2.1%
Green Plains Renewable Energy Inc. (NASDAQ:GPRE) shares dropped 2.1% on Tuesday . The company traded as low as $24.16 and last traded at $24.42, with a volume of 291,841 shares trading hands. The stock had previously closed at $24.94.
Separately, Zacks Investment Research downgraded shares of Green Plains Renewable Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Green Plains Renewable Energy presently has an average rating of “Buy” and a consensus price target of $25.86.
The firm’s market capitalization is $928.18 million. The firm’s 50-day moving average price is $23.71 and its 200-day moving average price is $19.41.
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Green Plains Renewable Energy (NASDAQ:GPRE) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.29. Green Plains Renewable Energy had a negative net margin of 0.43% and a negative return on equity of 1.41%. The company had revenue of $887.70 million for the quarter, compared to analyst estimates of $803.62 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts forecast that Green Plains Renewable Energy Inc. will post $0.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 26th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Wednesday, August 24th. Green Plains Renewable Energy’s dividend payout ratio is currently -137.14%.
In other news, EVP Michelle Mapes sold 3,000 shares of the company’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.50, for a total value of $58,500.00. Following the sale, the executive vice president now directly owns 56,114 shares of the company’s stock, valued at approximately $1,094,223. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 7.60% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GPRE. Teacher Retirement System of Texas raised its stake in Green Plains Renewable Energy by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,054 shares of the company’s stock worth $100,000 after buying an additional 608 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Green Plains Renewable Energy during the second quarter worth approximately $106,000. Mason Street Advisors LLC purchased a new stake in Green Plains Renewable Energy during the second quarter worth approximately $139,000. Public Employees Retirement System of Ohio raised its stake in Green Plains Renewable Energy by 26.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,584 shares of the company’s stock worth $150,000 after buying an additional 1,574 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Green Plains Renewable Energy by 254.8% in the second quarter. BlackRock Inc. now owns 10,435 shares of the company’s stock worth $206,000 after buying an additional 7,494 shares in the last quarter. 98.23% of the stock is currently owned by institutional investors.
About Green Plains Renewable Energy
Green Plains Inc (Green Plains) is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company’s ethanol production segment is engaged in the production of ethanol and related distillers grain.
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