Raymond James Financial, Inc. Reaffirms Outperform Rating for Crius Energy Trust (KWH.UN)
Raymond James Financial, Inc. restated their outperform rating on shares of Crius Energy Trust (TSE:KWH.UN) in a research report sent to investors on Tuesday. They currently have a C$12.00 price objective on the stock.
Several other research firms have also recently weighed in on KWH.UN. National Bank Financial dropped their price objective on Crius Energy Trust from C$13.00 to C$11.00 and set an outperform rating for the company in a report on Wednesday, August 16th. Royal Bank Of Canada dropped their price objective on Crius Energy Trust from C$12.00 to C$11.00 and set a sector perform rating for the company in a report on Wednesday, August 16th.
The company also recently announced a monthly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were given a $0.067 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.80 annualized dividend and a dividend yield of Infinity. This is a positive change from Crius Energy Trust’s previous monthly dividend of $0.07.
Crius Energy Trust Company Profile
Crius Energy Trust (the Trust) is an open-ended limited purpose trust. The Trust has been established to provide investors with a distribution-producing investment through its ownership interest in Crius Energy, LLC (Crius Energy), by the Trust’s indirect subsidiary, Crius Energy Corporation. Crius Energy is involved in the sale of electricity and natural gas to residential and commercial customers.
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