Terna Rete Elettrica Nazionale SpA Unsponsored ADR (OTCMKTS:TEZNY - Get Free Report) shares rose 0.4% during mid-day trading on Wednesday . The stock traded as high as $29.72 and last traded at $29.64. Approximately 7,184 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 13,536 shares. The stock had previously closed at $29.51.
Wall Street Analyst Weigh In
Separately, Morgan Stanley reiterated an "underweight" rating on shares of Terna Rete Elettrica Nazionale in a research note on Friday, May 16th.
Read Our Latest Analysis on TEZNY
Terna Rete Elettrica Nazionale Trading Down 0.9%
The stock has a 50-day moving average price of $30.09 and a 200-day moving average price of $28.03.
Terna Rete Elettrica Nazionale Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were issued a $0.6325 dividend. This represents a dividend yield of 282.0%. The ex-dividend date was Tuesday, June 24th. This is an increase from Terna Rete Elettrica Nazionale's previous dividend of $0.38.
About Terna Rete Elettrica Nazionale
(
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Terna S.p.A., together with its subsidiaries, provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally. It operates through Regulated, Non-Regulated, and International segments. The company is involved in the design, construction, management, development, operation, and maintenance of national transmission grid; dispatching and metering; and construction of storage systems.
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