BMO Capital Markets Lowers Valener (VNR) Price Target to C$21.00
Separately, National Bank Financial raised shares of Valener from an underperform rating to a sector perform rating and set a C$22.00 price target on the stock in a report on Monday, May 14th.
Shares of TSE:VNR opened at C$19.60 on Tuesday. Valener has a fifty-two week low of C$19.49 and a fifty-two week high of C$23.28.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Thursday, September 27th.
Valener Inc, through its subsidiaries, engages in the transportation, distribution, supply, and storage of natural gas in Canada and the United States. It operates a gas pipeline in Québec; and 2 gas pipelines that cross the Ontario border, as well as has distribution network in northwest Québec. The company is also involved in the generation, transportation, distribution, purchase, and sale of electricity primarily in Vermont, New Hampshire, and New York, as well as the provision of electric network construction services.
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