Taylor Timothy Kitchen Buys 500 Shares of Keyera (TSE:KEY) Stock

Key Points

• Director Taylor Timothy Kitchen bought 500 Keyera shares at C$55.74 each, investing C$27,870 and increasing their holdings by 7.14% to 7,500 shares.
• Keyera reported quarterly EPS of C$1.19 on C$2.40 billion in revenue, while shares recently traded at C$57.05. The company also raised its quarterly dividend to C$0.5625 per share, representing a 3.9% yield.
• Analysts maintain a “Moderate Buy” consensus on Keyera, with 11 Buy ratings, four Holds, and an average price target of C$73.00.

Keyera Corp. (TSE:KEY - Get Free Report) Director Taylor Timothy Kitchen acquired 500 shares of the business's stock in a transaction that occurred on Friday, September 4th. The shares were purchased at an average price of C$55.74 per share, with a total value of C$27,870.00. Following the completion of the acquisition, the director owned 7,500 shares of the company's stock, valued at C$418,050. This represents a 7.14% increase in their position.

Keyera Stock Performance

Shares of TSE:KEY traded up C$0.72 during midday trading on Tuesday, hitting C$57.05. The company's stock had a trading volume of 608,014 shares, compared to its average volume of 1,433,782. The company has a debt-to-equity ratio of 160.65, a quick ratio of 0.57 and a current ratio of 1.22. The stock's 50 day simple moving average is C$58.70 and its 200 day simple moving average is C$55.68. The stock has a market capitalization of C$16.74 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 1.35 and a beta of 0.46. Keyera Corp. has a fifty-two week low of C$40.09 and a fifty-two week high of C$61.41.

Keyera (TSE:KEY - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 EPS for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. As a group, research analysts anticipate that Keyera Corp. will post 2.2166667 earnings per share for the current year.

Keyera Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.5625 per share. This is a positive change from Keyera's previous quarterly dividend of $0.54. This represents a $2.25 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 15th. Keyera's payout ratio is currently 141.18%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. ATB Cormark Capital Markets lifted their price objective on Keyera from C$55.00 to C$58.00 and gave the company a "sector perform" rating in a research report on Tuesday, June 16th. Citigroup lifted their price target on Keyera from C$102.00 to C$106.00 and gave the company a "buy" rating in a report on Friday. Raymond James Financial decreased their price objective on shares of Keyera from C$66.00 to C$65.00 and set an "outperform" rating on the stock in a report on Tuesday, June 23rd. Canadian Imperial Bank of Commerce raised their price objective on shares of Keyera from C$63.00 to C$65.00 in a research report on Tuesday, June 16th. Finally, Barclays upped their target price on shares of Keyera from C$56.00 to C$61.00 in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$73.00.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

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