Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Trading 0.6% Higher

Posted by Don Miller on Jul 10th, 2024

Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL – Get Free Report)’s share price traded up 0.6% during trading on Monday . The stock traded as high as GBX 184 ($2.36) and last traded at GBX 178 ($2.28). 580,359 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 359,369 shares. The stock had previously closed at GBX 177 ($2.27).

Ecofin Global Utilities and Infrastructure Trust Trading Up 1.4 %

The company has a debt-to-equity ratio of 9.44, a quick ratio of 0.04 and a current ratio of 0.35. The firm has a market capitalization of £201.75 million, a price-to-earnings ratio of -1,011.11 and a beta of 0.53. The company has a 50 day moving average price of GBX 180.76 and a two-hundred day moving average price of GBX 168.87.

Ecofin Global Utilities and Infrastructure Trust Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 31st. Stockholders of record on Thursday, May 2nd were issued a dividend of GBX 2.05 ($0.03) per share. This represents a dividend yield of 1.16%. The ex-dividend date was Thursday, May 2nd. Ecofin Global Utilities and Infrastructure Trust’s dividend payout ratio is presently -4,444.44%.

Insider Activity at Ecofin Global Utilities and Infrastructure Trust

In other news, insider David Simpson sold 1,366 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of GBX 183 ($2.34), for a total transaction of £2,499.78 ($3,201.97). 0.75% of the stock is currently owned by company insiders.

About Ecofin Global Utilities and Infrastructure Trust

(Get Free Report)

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.