TerraForm Power, Inc. New (NASDAQ:TERP) CEO John Stinebaugh bought 8,100 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were purchased at an average price of $12.42 per share, for a total transaction of $100,602.00. Following the purchase, the chief executive officer now owns 8,100 shares in the company, valued at approximately $100,602. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of TerraForm Power, Inc. New (NASDAQ:TERP) opened at $11.97 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.08. TerraForm Power, Inc. New has a fifty-two week low of $10.02 and a fifty-two week high of $14.20. The stock has a market cap of $1,653.57, a P/E ratio of -7.67 and a beta of 1.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Tuesday, February 27th.
A number of institutional investors and hedge funds have recently made changes to their positions in TERP. Timber Hill LLC purchased a new stake in TerraForm Power, Inc. New during the 3rd quarter valued at approximately $146,000. Teacher Retirement System of Texas purchased a new stake in TerraForm Power, Inc. New during the 4th quarter valued at approximately $151,000. Verition Fund Management LLC purchased a new stake in TerraForm Power, Inc. New during the 2nd quarter valued at approximately $173,000. Fox Run Management L.L.C. purchased a new stake in TerraForm Power, Inc. New during the 4th quarter valued at approximately $174,000. Finally, Shelton Capital Management purchased a new stake in TerraForm Power, Inc. New during the 4th quarter valued at approximately $179,000. 47.25% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on TERP. Goldman Sachs Group began coverage on shares of TerraForm Power, Inc. New in a research note on Monday, November 27th. They set a “neutral” rating and a $13.00 target price on the stock. TheStreet cut shares of TerraForm Power, Inc. New from a “c-” rating to a “d+” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.00.
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About TerraForm Power, Inc. New
TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.
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