BlackRock Energy and Resources Trust (NYSE:BGR) Trading 0.2% Higher – Time to Buy?

BlackRock Energy and Resources Trust (NYSE:BGR)’s stock price traded up 0.2% during trading on Thursday . The company traded as high as $15.86 and last traded at $15.68. 132,587 shares were traded during trading, a decline of 24% from the average session volume of 175,314 shares. The stock had previously closed at $15.65.

BlackRock Energy and Resources Trust Stock Performance

The firm has a 50 day moving average price of $14.73 and a two-hundred day moving average price of $13.92.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0973 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Insider Transactions at BlackRock Energy and Resources Trust

In other news, VP Stephen Thomas Minar bought 4,320 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $14.91 per share, for a total transaction of $64,411.20. Following the completion of the acquisition, the vice president directly owned 4,320 shares in the company, valued at $64,411.20. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

A number of large investors have recently made changes to their positions in the business. Cypress Capital Management LLC WY boosted its holdings in shares of BlackRock Energy and Resources Trust by 1.0% during the third quarter. Cypress Capital Management LLC WY now owns 307,835 shares of the company’s stock worth $4,177,000 after purchasing an additional 3,052 shares during the period. UBS Group AG lifted its position in BlackRock Energy and Resources Trust by 1.2% in the 4th quarter. UBS Group AG now owns 225,951 shares of the company’s stock worth $3,059,000 after buying an additional 2,761 shares in the last quarter. Truist Financial Corp lifted its position in BlackRock Energy and Resources Trust by 4.0% in the 4th quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock worth $2,263,000 after buying an additional 6,358 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of BlackRock Energy and Resources Trust by 2.0% during the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after buying an additional 3,137 shares during the period. Finally, Moors & Cabot Inc. grew its holdings in shares of BlackRock Energy and Resources Trust by 27.9% during the 4th quarter. Moors & Cabot Inc. now owns 84,411 shares of the company’s stock valued at $1,143,000 after acquiring an additional 18,423 shares in the last quarter.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.