Triple Point Energy Transition (LON:TENT) Shares Down 0.8% – Here’s Why

Triple Point Energy Transition (LON:TENT) shares fell 0.8% on Thursday . The company traded as low as GBX 44.30 ($0.58) and last traded at GBX 44.40 ($0.58). 192,592 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 464,098 shares. The stock had previously closed at GBX 44.75 ($0.59).

Triple Point Energy Transition Price Performance

The firm’s 50 day simple moving average is GBX 62.38 and its 200-day simple moving average is GBX 64.42. The company has a market cap of £44.40 million, a price-to-earnings ratio of -634.29 and a beta of 0.27.

Triple Point Energy Transition Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 19th were given a GBX 25 ($0.33) dividend. The ex-dividend date was Thursday, September 19th. This is a boost from Triple Point Energy Transition’s previous dividend of $1.38. This represents a dividend yield of 36.13%. Triple Point Energy Transition’s dividend payout ratio is -8,571.43%.

About Triple Point Energy Transition

Triple Point Energy Transition plc invests in energy system projects in the United Kingdom and rest of Europe. It focuses on investments in low carbon decentralised energy generation, energy storage and distribution, and onsite energy generation and low carbon consumption. The company was formerly known as Triple Point Energy Efficiency Infrastructure Company plc and changed its name to Triple Point Energy Transition plc in August 2022.