About Innergex Renewable Energy (TSE:INE)
Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development. Through its hydroelectric, wind power and solar power generation segments, it sells electricity produced by its hydroelectric, wind farm and solar facilities to publicly owned utilities or other creditworthy counterparties. Through its site development segment, it analyzes sites and develops hydroelectric, wind and solar facilities up to the commissioning stage. Its portfolio of assets consists of interests in approximately three groups of power-generating project. It has over 30 facilities with a net installed capacity of over 710 megawatts. The Company owns interests in approximately 30 hydroelectric facilities.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Diversified Utilities
- Sub-Industry: N/A
- Symbol: TSE:INE
- CUSIP: N/A
- Web: www.innergex.com
- Market Cap: C$1.63 billion
- Outstanding Shares: 108,519,000
- 50 Day Moving Avg: C$14.73
- 200 Day Moving Avg: C$14.52
- 52 Week Range: C$12.43 - C$15.72
Sales & Book Value:
- Trailing P/E Ratio: 68.10
- P/E Growth: 2.28
- Annual Revenue: C$326.58 million
- Price / Sales: 5.00
- Book Value: C$3.01 per share
- Price / Book: 5.00
- EBITDA: C$238.76 million
- Net Margins: 12.87%
- Return on Equity: 16.11%
- Return on Assets: 1.44%
- Average Volume: 115,965 shs.
- Short Ratio: 26.09
Frequently Asked Questions for Innergex Renewable Energy (TSE:INE)
What is Innergex Renewable Energy's stock symbol?
Innergex Renewable Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "INE."
How often does Innergex Renewable Energy pay dividends? What is the dividend yield for Innergex Renewable Energy?
Innergex Renewable Energy declared a quarterly dividend on Monday, August 7th. Stockholders of record on Friday, September 29th will be given a dividend of 0.165 per share on Monday, October 16th. This represents a $0.66 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Innergex Renewable Energy's previous quarterly dividend of $0.15. View Innergex Renewable Energy's Dividend History.
When will Innergex Renewable Energy make its next earnings announcement?
Where is Innergex Renewable Energy's stock going? Where will Innergex Renewable Energy's stock price be in 2017?
5 brokers have issued 12-month target prices for Innergex Renewable Energy's stock. Their forecasts range from C$15.00 to C$19.00. On average, they expect Innergex Renewable Energy's stock price to reach C$17.00 in the next twelve months. View Analyst Ratings for Innergex Renewable Energy.
Who are some of Innergex Renewable Energy's key competitors?
Who are Innergex Renewable Energy's key executives?
Innergex Renewable Energy's management team includes the folowing people:
- Jean La Couture, Independent Chairman of the Board
- Michel Letellier, President, Chief Executive Officer, Non-independent Director
- Jean Perron CPA, Chief Financial Officer
- Richard Blanchet, Senior Vice President – Development, Western Canada and Latin America
- Renaud De Batz De Trenquellon, Senior Vice President – Hydroelectric Projects Management
- Peter Grover, Senior Vice President – Wind and Solar Projects Management
- Francois Hebert, Senior Vice President - Operations and Maintenance
- Jean Trudel, Chief Investment Officer
- Anne Cliche, Vice President – Human Resources
- Nathalie Theberge, Vice President - Corporate Legal Affairs, Secretary
How do I buy Innergex Renewable Energy stock?
Shares of Innergex Renewable Energy and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Innergex Renewable Energy's stock price today?
MarketBeat Community Rating for Innergex Renewable Energy (TSE INE)MarketBeat's community ratings are surveys of what our community members think about Innergex Renewable Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Innergex Renewable Energy stock can currently be purchased for approximately C$15.05.
Consensus Ratings for Innergex Renewable Energy (TSE:INE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 2 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.40)|
|Consensus Price Target: ||C$17.00|Consensus Price Target History for Innergex Renewable Energy (TSE:INE)
Analysts' Ratings History for Innergex Renewable Energy (TSE:INE)
(Data available from 10/22/2015 forward)
|9/8/2017||BMO Capital Markets||Boost Price Target||C$18.50 -> C$19.00|
|5/5/2017||TD Securities||Boost Price Target||Hold||C$14.50 -> C$15.00|
|5/4/2017||AltaCorp Capital||Downgrade||Outperform -> Sector Perform|
|5/4/2017||Raymond James Financial, Inc.||Boost Price Target||Outperform||C$17.50 -> C$18.50|
|5/4/2017||Desjardins||Boost Price Target||Hold -> Buy||C$15.50 -> C$16.00|
|2/24/2017||Royal Bank Of Canada||Reiterated Rating||Sector Perform|
|2/9/2017||CIBC||Boost Price Target||C$15.50 -> C$16.50|
|7/13/2016||National Bank Financial||Boost Price Target||C$16.00 -> C$18.00|
Earnings History for Innergex Renewable Energy (TSE:INE)Earnings History by Quarter for Innergex Renewable Energy (TSE INE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/8/2017|| || || || || || || || |
|8/7/2014||C$0.16||C$0.06||C$74.05 million||C$69.65 million||View||N/A|
|5/13/2014||C($0.05)||C($0.30)||C$40.50 million||C$37.60 million||View||N/A|
Earnings Estimates for Innergex Renewable Energy (TSE:INE)
2017 EPS Consensus Estimate: $0.46
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Innergex Renewable Energy (TSE INE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Innergex Renewable Energy (TSE:INE)Insider Trades by Quarter for Innergex Renewable Energy (TSE:INE)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/31/2015||Batz De Trenquell�On Renau De||Insider||Sell||5,000||C$11.10||C$55,500.00|
|3/30/2015||Batz De Trenquell�On Renau De||Insider||Sell||5,000||C$11.20||C$56,000.00|
|3/20/2015||Batz De Trenquelléon Renau De||Insider||Sell||5,000||C$11.40||C$57,000.00|
|3/19/2015||Batz De Trenquelléon Renau De||Insider||Sell||10,000||C$11.50||C$115,000.00|
Headline Trends for Innergex Renewable Energy (TSE:INE)
Latest Headlines for Innergex Renewable Energy (TSE:INE)
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Innergex Renewable Energy (INE) Chart for Sunday, October, 22, 2017