Innergex Renewable Energy Inc. (TSE:INE - Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Sunday, June 30th will be paid a dividend of 0.09 per share on Monday, July 15th. This represents a $0.36 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Friday, June 28th.
Innergex Renewable Energy Price Performance
TSE INE traded down C$0.06 during trading on Friday, reaching C$8.35. The company's stock had a trading volume of 1,239,873 shares, compared to its average volume of 775,154. The stock has a market capitalization of C$1.71 billion, a PE ratio of -16.39, a P/E/G ratio of 20.61 and a beta of 0.35. The company has a debt-to-equity ratio of 544.43, a current ratio of 0.92 and a quick ratio of 0.58. The firm has a fifty day moving average of C$8.18 and a 200 day moving average of C$8.67. Innergex Renewable Energy has a one year low of C$7.05 and a one year high of C$14.40.
Innergex Renewable Energy (TSE:INE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.01. Innergex Renewable Energy had a negative return on equity of 7.86% and a negative net margin of 9.45%. The firm had revenue of C$261.53 million during the quarter, compared to analysts' expectations of C$264.85 million. Analysts expect that Innergex Renewable Energy will post 0.0799919 EPS for the current fiscal year.
Insider Transactions at Innergex Renewable Energy
In other news, Director Daniel Lafrance acquired 5,000 shares of Innergex Renewable Energy stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of C$8.35 per share, for a total transaction of C$41,750.00. In related news, Director Daniel Lafrance bought 5,000 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of C$8.35 per share, with a total value of C$41,750.00. Also, Director Richard Gagnon bought 3,125 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of C$8.13 per share, for a total transaction of C$25,408.75. Over the last three months, insiders have acquired 22,125 shares of company stock worth $174,975. 20.41% of the stock is currently owned by company insiders.
Analyst Ratings Changes
INE has been the subject of a number of research reports. BMO Capital Markets cut their price objective on Innergex Renewable Energy from C$10.00 to C$9.00 and set an "outperform" rating for the company in a report on Thursday, February 22nd. Desjardins dropped their target price on Innergex Renewable Energy from C$14.00 to C$13.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Royal Bank of Canada dropped their target price on Innergex Renewable Energy from C$13.00 to C$11.00 and set a "sector perform" rating for the company in a report on Monday, February 12th. CIBC increased their target price on Innergex Renewable Energy from C$9.50 to C$10.00 in a report on Friday. Finally, TD Securities dropped their target price on Innergex Renewable Energy from C$12.00 to C$10.00 and set a "buy" rating for the company in a report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Innergex Renewable Energy has a consensus rating of "Moderate Buy" and an average target price of C$12.53.
View Our Latest Research Report on INE
About Innergex Renewable Energy
(
Get Free Report)
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.
Featured Stories
Before you consider Innergex Renewable Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innergex Renewable Energy wasn't on the list.
While Innergex Renewable Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
