Valener (VNR) PT Lowered to C$21.00 at BMO Capital Markets
Separately, National Bank Financial raised Valener from an underperform rating to a sector perform rating and set a C$22.00 price target for the company in a report on Monday, May 14th.
TSE VNR opened at C$19.58 on Tuesday. Valener has a fifty-two week low of C$19.50 and a fifty-two week high of C$23.28.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be issued a $0.29 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.92%.
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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