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Parallel Energy Trust (TSE:PLT.UN) announced a Monthly dividend on Wednesday, January 29th, StockRatingsNetwork reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.05 per share on Friday, February 21st. This represents a dividend yield of 14.25%. The ex-dividend date is Wednesday, January 29th.

A number of research firms have recently commented on PLT.UN. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Parallel Energy Trust in a research note to investors on Tuesday, November 12th. They now have a C$5.00 price target on the stock. On the ratings front, analysts at CIBC reiterated a “sector perform” rating on shares of Parallel Energy Trust in a research note to investors on Tuesday, November 12th. They now have a C$4.50 price target on the stock. Finally, analysts at TD Securities downgraded shares of Parallel Energy Trust from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 12th. They now have a C$4.25 price target on the stock, down previously from C$4.75. Five equities research analysts have rated the stock with a hold rating, Parallel Energy Trust presently has an average rating of “Hold” and a consensus price target of C$4.60.

Parallel Energy Trust (TSE:PLT) is an unincorporated open-ended limited purpose trust.

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