Keyera Corp. Declares Quarterly Dividend of $0.52 (TSE:KEY)

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.52 per share on Tuesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, December 13th.

Keyera Trading Down 1.0 %

Shares of Keyera stock traded down C$0.45 on Wednesday, hitting C$44.19. 1,848,701 shares of the company’s stock traded hands, compared to its average volume of 1,023,115. The company has a fifty day moving average of C$44.28 and a two-hundred day moving average of C$40.56. The company has a market capitalization of C$10.13 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. Keyera has a one year low of C$31.16 and a one year high of C$47.90.

Analyst Upgrades and Downgrades

KEY has been the topic of several recent research reports. National Bankshares increased their price target on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Raymond James set a C$47.00 target price on Keyera and gave the company an “outperform” rating in a report on Friday, October 11th. Citigroup increased their price target on Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. Jefferies Financial Group increased their price target on Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, ATB Capital increased their price target on Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and an average price target of C$42.58.

Insider Transactions at Keyera

In other news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total value of C$2,318,750.00. Corporate insiders own 0.39% of the company’s stock.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.