Shares of NextEnergy Solar Fund Limited (LON:NESF - Get Free Report) traded down 1.7% on Wednesday . The company traded as low as GBX 62.90 ($0.77) and last traded at GBX 62.90 ($0.77). 1,887,991 shares changed hands during trading, a decline of 27% from the average session volume of 2,602,160 shares. The stock had previously closed at GBX 64 ($0.79).
NextEnergy Solar Fund Stock Up 1.4 %
The firm has a 50-day moving average of GBX 65.88 and a two-hundred day moving average of GBX 74.41. The stock has a market capitalization of £386.40 million, a price-to-earnings ratio of 817.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.29. The company has a quick ratio of 13.96, a current ratio of 14.49 and a debt-to-equity ratio of 30.98.
NextEnergy Solar Fund (LON:NESF - Get Free Report) last issued its earnings results on Thursday, November 21st. The company reported GBX (2.91) (($0.04)) earnings per share for the quarter. As a group, sell-side analysts anticipate that NextEnergy Solar Fund Limited will post 7.8159757 earnings per share for the current year.
NextEnergy Solar Fund Increases Dividend
The company also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, November 14th were issued a dividend of GBX 2.11 ($0.03) per share. This represents a dividend yield of 2.91%. This is a positive change from NextEnergy Solar Fund's previous dividend of $2.10. The ex-dividend date was Thursday, November 14th. NextEnergy Solar Fund's dividend payout ratio (DPR) is currently 10,000.00%.
Insiders Place Their Bets
In related news, insider Helen M. Mahy purchased 22,876 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of GBX 65 ($0.80) per share, for a total transaction of £14,869.40 ($18,269.32). Also, insider Caroline Chan bought 39,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of GBX 66 ($0.81) per share, for a total transaction of £25,740 ($31,625.51). Insiders own 0.38% of the company's stock.
About NextEnergy Solar Fund
(
Get Free Report)
NextEnergy Solar Fund is a specialist solar energy and energy storage investment company that is listed on the main market of the London Stock Exchange and is a FTSE 250 constituent.
NextEnergy Solar Fund's investment objective is to provide ordinary shareholders with attractive risk-adjusted returns, principally in the form of regular dividends, by investing in a diversified portfolio of utility-scale solar energy and energy storage infrastructure assets.
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