The average of one year target price for Torrent Power (NSEI:TORNTPOWER) has been revised to 943.61/share. This is a 27.27% increase from the previous estimate of 741.43 on January 16, 2024.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 691.85 to a high of 1,365.00 per share. The average price target represents a 16.40% decrease from the last reported closing price of 1,128.75/share.
Torrent Power maintains a dividend yield of 1.15%
At the most recent price, the company dividend yield is 1.15%.
Furthermore, the company's dividend payout ratio is 0.34. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company's earnings are paid out as a dividend. A payout ratio above one means the company is dipping into savings to maintain its dividend, which is not a healthy situation. Companies with poor growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio of between 0.5 and 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-year dividend growth rate is 1.36%, showing that it has grown its dividends over time.
What is the feeling of the background?
There is 35 funds or institutions reporting positions in Torrent Power. This is an increase of 2 owners or 6.06% in the last quarter. Average wallet weight of all funds dedicated to TORNTPOWER is 0.06%, an increase of 12.34%. The total shares owned by institutions decreased in the last three months by 0.11% to 11,988,000 shares.
What are other shareholders doing?
VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares owns 3,014,000 shares representing 0.63% ownership in the company. In its previous presentation, the firm reported owning 3,084,000 shares, which represent a decrease of 2.30%. The signature increase its portfolio allocation in TORNTPOWER by 17.54% during the last quarter.
VGTSX - Vanguard Total International Stock Index Fund Investor Shares owns 2,939,000 shares representing 0.61% ownership in the company. In its previous presentation, the company reported owning 2,900,000 shares, which represent increase of 1.32%. The signature increase its portfolio allocation in TORNTPOWER by 19.36% during the last quarter.
IEMG - iShares Core MSCI Emerging Markets ETF holds 1,648,000 shares representing 0.34% ownership in the company. In its previous presentation, the firm reported owning 1,653 thousand shares, which represent a decrease of 0.25%. The signature increase its portfolio allocation in TORNTPOWER by 44.10% during the last quarter.
DFCEX - Emerging Markets Core Stock Portfolio - Institutional Class owns 893,000 shares representing 0.19% ownership in the company. In its previous presentation, the company reported owning 901,000 shares, which represent a decrease of 0.90%. The signature increase its portfolio allocation in TORNTPOWER by 18.75% during the last quarter.
Dfa Investment Trust Co - The Emerging Markets Small Cap Series owns 549,000 shares representing 0.11% ownership in the company. No changes in the last quarter.
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