Insider Buying: The Renewables Infrastructure Group Limited (LON:TRIG) Insider Purchases 10,000 Shares of Stock

The Renewables Infrastructure Group Limited (LON:TRIG - Get Free Report) insider Tove Feld bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were acquired at an average price of GBX 100 ($1.26) per share, with a total value of £10,000 ($12,553.35).

The Renewables Infrastructure Group Stock Down 1.2 %

Shares of The Renewables Infrastructure Group stock traded down GBX 1.20 ($0.02) during mid-day trading on Friday, hitting GBX 99 ($1.24). The stock had a trading volume of 1,923,826 shares, compared to its average volume of 3,659,901. The firm has a 50-day moving average of GBX 101.18 and a two-hundred day moving average of GBX 105.35. The Renewables Infrastructure Group Limited has a 12-month low of GBX 95.50 ($1.20) and a 12-month high of GBX 130.20 ($1.63). The firm has a market cap of £2.46 billion, a P/E ratio of 450.00 and a beta of 0.20.

The Renewables Infrastructure Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 22nd were issued a GBX 1.80 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a dividend yield of 1.83%. The Renewables Infrastructure Group's dividend payout ratio is currently 3,181.82%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price objective on shares of The Renewables Infrastructure Group from GBX 140 ($1.76) to GBX 135 ($1.69) and set an "outperform" rating for the company in a research report on Tuesday, March 5th.

The Renewables Infrastructure Group Company Profile

The Renewables Infrastructure Group Limited specializes in infrastructure investments. The fund typically invests in operational assets which generate electricity from renewable sources, with a particular focus on onshore wind farms and solar photovoltaic parks. It seeks to invest in United Kingdom and Northern European countries including France, Ireland, Germany and Scandinavia.