Valener Inc (VNR) Receives Average Recommendation of “Hold” from Analysts

Valener Inc (TSE:VNR) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have covered the stock in the last year is C$22.80.

Separately, TD Securities boosted their price objective on shares of Valener from C$22.00 to C$23.00 and gave the stock a “hold” rating in a report on Thursday, August 10th.

In other Valener news, Director Pierre Monahan bought 1,500 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of C$22.77 per share, for a total transaction of C$34,155.00.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.16 dividend on an annualized basis and a yield of 5.24%. This is a boost from Valener’s previous quarterly dividend of $0.25.

Valener Company Profile

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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