Innergex Renewable Energy Company Profile (TSE:INE)

About Innergex Renewable Energy (TSE:INE)

Innergex Renewable Energy logoInnergex 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
Capitalization:
  • Market Cap: C$1.62 billion
  • Outstanding Shares: 108,519,000
Average Prices:
  • 50 Day Moving Avg: C$14.73
  • 200 Day Moving Avg: C$14.53
  • 52 Week Range: C$12.43 - C$15.72
P/E:
  • Trailing P/E Ratio: 67.47
  • P/E Growth: 2.28
Sales & Book Value:
  • Annual Revenue: C$326.58 million
  • Price / Sales: 4.95
  • Book Value: C$3.01 per share
  • Price / Book: 4.95
Dividend:
  • Dividend Yield: 4.5%
Profitability:
  • EBITDA: C$238.76 million
  • Net Margins: 12.87%
  • Return on Equity: 16.11%
  • Return on Assets: 1.44%
Misc:
  • 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. Investors 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 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change 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?

Innergex Renewable Energy is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for Innergex Renewable Energy.

Where is Innergex Renewable Energy's stock going? Where will Innergex Renewable Energy's stock price be in 2017?

5 analysts have issued 1-year target prices for Innergex Renewable Energy's stock. Their forecasts range from C$15.00 to C$19.00. On average, they anticipate Innergex Renewable Energy's share 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?

One share of Innergex Renewable Energy stock can currently be purchased for approximately C$14.91.


MarketBeat Community Rating for Innergex Renewable Energy (TSE INE)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  88 (Vote Outperform)
Underperform Votes:  204 (Vote Underperform)
Total Votes:  292
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.

Analyst Ratings

Consensus Ratings for Innergex Renewable Energy (TSE:INE) (How are Consensus Ratings Calculated?)
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)
Price Target History for Innergex Renewable Energy (TSE:INE)
Analysts' Ratings History for Innergex Renewable Energy (TSE:INE)
Show:
DateFirmActionRatingPrice TargetDetails
9/8/2017BMO Capital MarketsBoost Price TargetC$18.50 -> C$19.00View Rating Details
5/5/2017TD SecuritiesBoost Price TargetHoldC$14.50 -> C$15.00View Rating Details
5/4/2017AltaCorp CapitalDowngradeOutperform -> Sector PerformView Rating Details
5/4/2017Raymond James Financial, Inc.Boost Price TargetOutperformC$17.50 -> C$18.50View Rating Details
5/4/2017DesjardinsBoost Price TargetHold -> BuyC$15.50 -> C$16.00View Rating Details
2/24/2017Royal Bank Of CanadaReiterated RatingSector PerformView Rating Details
2/9/2017CIBCBoost Price TargetC$15.50 -> C$16.50View Rating Details
7/13/2016National Bank FinancialBoost Price TargetC$16.00 -> C$18.00View Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Innergex Renewable Energy (TSE:INE)
Earnings by Quarter for Innergex Renewable Energy (TSE:INE)
Earnings History by Quarter for Innergex Renewable Energy (TSE INE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/8/2017        
8/7/2014C$0.16C$0.06C$74.05 millionC$69.65 millionViewN/AView Earnings Details
5/13/2014C($0.05)C($0.30)C$40.50 millionC$37.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Innergex Renewable Energy (TSE:INE)
2017 EPS Consensus Estimate: $0.46
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.02)$0.03$0.01
Q2 20172$0.21$0.22$0.22
Q3 20172$0.10$0.19$0.15
Q4 20172$0.08$0.11$0.10
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Innergex Renewable Energy (TSE INE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/7/2017Quarterly$0.179/28/20179/29/201710/16/2017
5/13/2015$0.136/26/20156/30/20157/15/2015
2/24/2015$0.123/27/20153/31/20154/15/2015
11/6/2014$0.1312/29/201412/31/20141/15/2015
8/7/2014$0.149/26/20149/30/201410/15/2014
5/13/2014quarterly$0.156/26/20146/30/20147/15/2014
2/25/2014$0.143/27/20143/31/20144/15/2014
11/5/2013$0.1412/27/201312/31/20131/15/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Innergex Renewable Energy (TSE:INE)
Insider Trades by Quarter for Innergex Renewable Energy (TSE:INE)
Insider Trades by Quarter for Innergex Renewable Energy (TSE:INE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/12/2017Jean TrudelInsiderSell1,900C$15.39C$29,241.00
8/8/2017Monique MercierDirectorBuy2,000C$14.34C$28,680.00
9/28/2015Peter GroverInsiderBuy5,000C$10.07C$50,350.00
9/15/2015Jean TrudelInsiderBuy4,300C$10.04C$43,172.00
8/25/2015Jean PerronInsiderBuy5,000C$10.10C$50,500.00
8/13/2015Daniel LafranceDirectorBuy3,000C$10.65C$31,950.00
8/7/2015Daniel LafranceDirectorBuy3,000C$10.55C$31,650.00
3/31/2015Batz De Trenquell�On Renau DeInsiderSell5,000C$11.10C$55,500.00
3/30/2015Batz De Trenquell�On Renau DeInsiderSell5,000C$11.20C$56,000.00
3/20/2015Batz De Trenquelléon Renau DeInsiderSell5,000C$11.40C$57,000.00
3/19/2015Batz De Trenquelléon Renau DeInsiderSell10,000C$11.50C$115,000.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Innergex Renewable Energy (TSE:INE)
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Chart

Innergex Renewable Energy (INE) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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