Valener Inc (VNR) Receives Average Recommendation of “Hold” from Analysts
Valener Inc (TSE:VNR) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$22.80.
Separately, TD Securities lifted their target price on Valener from C$22.00 to C$23.00 and gave the stock a “hold” rating in a report on Thursday, August 10th.
In related news, Director Pierre Monahan purchased 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average price of C$22.77 per share, for a total transaction of C$34,155.00.
Valener (VNR) opened at 22.20 on Friday. The stock has a market capitalization of $863.07 million and a price-to-earnings ratio of 15.79. Valener has a 12-month low of $18.76 and a 12-month high of $23.23. The firm has a 50-day moving average of $22.26 and a 200-day moving average of $22.25.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a $0.29 dividend. This is a positive change from Valener’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, September 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.23%.
Valener Inc is a Canada-based energy company. The Company holds interests in Gaz Metro Limited Partnership (Gaz Metro), whose core operations are natural gas distribution in Quebec and Vermont, as well as electricity distribution in Vermont. The Company also owns indirect interests in wind farms through its subsidiaries, Valener Eole Inc and Valener Eole 4 Inc, which have approximately 154 turbines and an installed capacity of 340 megawatts.
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