Innergex Renewable Energy Inc. (OTCMKTS:INGXF - Get Free Report) announced a dividend on Saturday, June 21st, investing.com reports. Shareholders of record on Tuesday, July 1st will be paid a dividend of 0.0644 per share on Tuesday, July 15th. This represents a yield of 2.56%. The ex-dividend date is Monday, June 30th. This is a 3.2% increase from Innergex Renewable Energy's previous dividend of $0.06.
Innergex Renewable Energy Stock Performance
INGXF traded up $0.04 during midday trading on Tuesday, hitting $10.05. 10,312 shares of the company were exchanged, compared to its average volume of 2,221. The company's 50 day simple moving average is $9.86 and its 200 day simple moving average is $8.06. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 71.79 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.51. Innergex Renewable Energy has a 1-year low of $4.81 and a 1-year high of $10.17.
Innergex Renewable Energy (OTCMKTS:INGXF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $188.64 million for the quarter, compared to the consensus estimate of $277.44 million. Innergex Renewable Energy had a return on equity of 5.30% and a net margin of 5.51%. As a group, sell-side analysts predict that Innergex Renewable Energy will post 0.09 earnings per share for the current year.
Analysts Set New Price Targets
INGXF has been the topic of several recent analyst reports. Raymond James Financial lowered shares of Innergex Renewable Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, February 25th. National Bank Financial lowered shares of Innergex Renewable Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 25th.
View Our Latest Stock Analysis on INGXF
Innergex Renewable Energy Company Profile
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Innergex Renewable Energy Inc operates as an independent renewable power producer in Canada, the United States, France, and Chile. It acquires, owns, develops, and operates renewable power-generating and energy storage facilities primarily in hydroelectric, wind, and solar power sectors. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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