Green Plains Renewable Energy Inc. (NASDAQ:GPRE) announced a quarterly dividend on Wednesday, November 16th. Investors of record on Friday, November 25th will be paid a dividend of 0.12 per share on Friday, December 16th. This represents a $0.48 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, November 22nd.

Shares of Green Plains Renewable Energy (NASDAQ:GPRE) opened at 24.75 on Monday. Green Plains Renewable Energy has a 12 month low of $12.39 and a 12 month high of $28.37. The company has a 50-day moving average of $25.83 and a 200 day moving average of $22.29. The company’s market cap is $949.61 million.

Green Plains Renewable Energy (NASDAQ:GPRE) last issued its quarterly earnings data on Monday, October 31st. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $841.90 million for the quarter, compared to analyst estimates of $852.37 million. Green Plains Renewable Energy had a negative return on equity of 1.23% and a negative net margin of 0.36%. Green Plains Renewable Energy’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 EPS. On average, analysts anticipate that Green Plains Renewable Energy will post $0.19 earnings per share for the current year.

Dividend History for Green Plains Renewable Energy (NASDAQ:GPRE)

A number of equities research analysts have recently commented on GPRE shares. Jefferies Group reaffirmed a “buy” rating and set a $32.00 price objective on shares of Green Plains Renewable Energy in a research note on Wednesday, October 5th. Roth Capital reiterated a “buy” rating and set a $33.00 target price (up previously from $25.00) on shares of Green Plains Renewable Energy in a research report on Wednesday, October 5th. Stephens upgraded Green Plains Renewable Energy from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Tuesday, October 4th. Finally, Zacks Investment Research upgraded Green Plains Renewable Energy from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $27.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in shares of Green Plains Renewable Energy by 1,998.0% in the second quarter. Van ECK Associates Corp now owns 1,586,627 shares of the company’s stock worth $31,288,000 after buying an additional 1,511,002 shares during the last quarter. Laurion Capital Management LP purchased a new position in shares of Green Plains Renewable Energy during the second quarter worth $7,797,000. Thrivent Financial for Lutherans raised its position in shares of Green Plains Renewable Energy by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 147,660 shares of the company’s stock worth $2,912,000 after buying an additional 860 shares during the last quarter. Profund Advisors LLC raised its position in shares of Green Plains Renewable Energy by 4.8% in the second quarter. Profund Advisors LLC now owns 11,648 shares of the company’s stock worth $230,000 after buying an additional 534 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Green Plains Renewable Energy by 2.5% in the second quarter. Teachers Advisors Inc. now owns 540,076 shares of the company’s stock worth $10,650,000 after buying an additional 13,194 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

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.

5 Day Chart for NASDAQ:GPRE

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