Harvest Portfolios Group Inc. Acquires Shares of 14,445 JinkoSolar Holding Company Limited $JKS

Harvest Portfolios Group Inc. bought a new stake in JinkoSolar Holding Company Limited (NYSE:JKS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,445 shares of the semiconductor company’s stock, valued at approximately $269,000.

Several other hedge funds also recently modified their holdings of the business. Northern Trust Corp boosted its stake in JinkoSolar by 58.6% during the 4th quarter. Northern Trust Corp now owns 84,252 shares of the semiconductor company’s stock worth $2,098,000 after acquiring an additional 31,130 shares during the last quarter. Invesco Ltd. boosted its stake in JinkoSolar by 15.3% during the 1st quarter. Invesco Ltd. now owns 1,418,425 shares of the semiconductor company’s stock worth $26,439,000 after acquiring an additional 187,930 shares during the last quarter. Aberdeen Group plc boosted its stake in JinkoSolar by 63.6% during the 1st quarter. Aberdeen Group plc now owns 78,065 shares of the semiconductor company’s stock worth $1,455,000 after acquiring an additional 30,340 shares during the last quarter. Millennium Management LLC bought a new position in JinkoSolar during the 4th quarter worth approximately $2,846,000. Finally, SG Americas Securities LLC boosted its stake in JinkoSolar by 8.9% during the 1st quarter. SG Americas Securities LLC now owns 62,745 shares of the semiconductor company’s stock worth $1,170,000 after acquiring an additional 5,110 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

Shares of JKS opened at $22.49 on Thursday. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -4.48 and a beta of 0.21. JinkoSolar Holding Company Limited has a 1-year low of $13.42 and a 1-year high of $37.36. The company’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $20.53. The company has a current ratio of 1.33, a quick ratio of 1.07 and a debt-to-equity ratio of 1.11.

JinkoSolar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 2nd were given a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Wednesday, July 2nd. JinkoSolar’s payout ratio is presently -25.50%.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of JinkoSolar from a “buy” rating to a “sell” rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $27.19.

About JinkoSolar

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.