Valener Inc (TSE:VNR) Director Mary-Ann Bell bought 2,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average cost of C$20.89 per share, with a total value of C$41,780.00.
Shares of Valener Inc (TSE:VNR) traded up C$0.04 on Wednesday, hitting C$20.60. The stock had a trading volume of 22,121 shares, compared to its average volume of 56,203. Valener Inc has a fifty-two week low of C$20.12 and a fifty-two week high of C$23.28. The firm has a market cap of $796.98, a PE ratio of 14.69 and a beta of 0.02.
Valener (TSE:VNR) last issued its earnings results on Friday, November 24th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.05) by C($0.02). Valener had a return on equity of 6.99% and a net margin of 5,432.83%. The company had revenue of C($4.39) million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.16 dividend on an annualized basis and a yield of 5.63%. Valener’s dividend payout ratio is 81.43%.
A number of brokerages have recently issued reports on VNR. BMO Capital Markets dropped their target price on Valener from C$23.50 to C$23.00 in a report on Tuesday, February 6th. National Bank Financial cut Valener from a “sector perform” rating to an “underperform” rating and dropped their target price for the stock from C$24.00 to C$22.00 in a report on Monday, January 29th. Royal Bank of Canada dropped their target price on Valener from C$24.00 to C$23.00 and set a “sector perform” rating for the company in a report on Monday, February 12th. Finally, TD Securities dropped their target price on Valener from C$23.00 to C$22.00 and set a “hold” rating for the company in a report on Tuesday, February 13th.
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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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