Stephens upgraded shares of Green Plains Renewable Energy Inc. (NASDAQ:GPRE) from an equal weight rating to an overweight rating in a research note published on Tuesday morning. Stephens currently has $32.00 price objective on the stock.
Separately, Zacks Investment Research downgraded Green Plains Renewable Energy from a buy rating to a hold rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $27.25.
Shares of Green Plains Renewable Energy (NASDAQ:GPRE) opened at 27.43 on Tuesday. The stock’s market capitalization is $1.05 billion. Green Plains Renewable Energy has a one year low of $12.39 and a one year high of $28.37. The firm’s 50-day moving average is $25.15 and its 200-day moving average is $20.43.
Green Plains Renewable Energy (NASDAQ:GPRE) last released its earnings results on Monday, August 1st. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.29. Green Plains Renewable Energy had a negative return on equity of 1.41% and a negative net margin of 0.43%. The firm earned $887.70 million during the quarter, compared to the consensus estimate of $803.62 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts forecast that Green Plains Renewable Energy will post $0.08 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 26th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Wednesday, August 24th. Green Plains Renewable Energy’s payout ratio is presently -137.14%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC boosted its stake in Green Plains Renewable Energy by 29.6% in the first quarter. TIAA CREF Investment Management LLC now owns 180,371 shares of the company’s stock worth $2,879,000 after buying an additional 41,245 shares during the period. Teachers Advisors Inc. boosted its stake in Green Plains Renewable Energy by 6.1% in the first quarter. Teachers Advisors Inc. now owns 526,882 shares of the company’s stock worth $8,409,000 after buying an additional 30,512 shares during the period. BlackRock Fund Advisors boosted its stake in Green Plains Renewable Energy by 2.0% in the first quarter. BlackRock Fund Advisors now owns 2,308,913 shares of the company’s stock worth $36,850,000 after buying an additional 44,654 shares during the period. JPMorgan Chase & Co. boosted its stake in Green Plains Renewable Energy by 26.6% in the first quarter. JPMorgan Chase & Co. now owns 851,869 shares of the company’s stock worth $13,597,000 after buying an additional 178,793 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in Green Plains Renewable Energy during the first quarter worth approximately $6,611,000. 98.23% of the stock is 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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