Innergex Renewable Energy Inc. (TSE:INE – Get Rating) – Analysts at Raymond James lowered their FY2022 EPS estimates for shares of Innergex Renewable Energy in a research report issued to clients and investors on Wednesday, January 18th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.08 per share for the year, down from their prior estimate of $0.09. The consensus estimate for Innergex Renewable Energy’s current full-year earnings is $0.38 per share.
A number of other brokerages have also recently issued reports on INE. National Bankshares set a C$23.00 target price on shares of Innergex Renewable Energy and gave the company an “outperform” rating in a report on Monday, October 17th. Credit Suisse Group boosted their target price on shares of Innergex Renewable Energy to C$22.00 and gave the company an “outperform” rating in a report on Monday, November 21st. BMO Capital Markets lowered their target price on shares of Innergex Renewable Energy from C$19.00 to C$18.00 in a report on Thursday. Scotiabank lowered their target price on shares of Innergex Renewable Energy from C$21.50 to C$18.00 in a report on Thursday, October 20th. Finally, CSFB boosted their target price on shares of Innergex Renewable Energy from C$21.50 to C$22.00 in a report on Monday, November 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$20.85.
Innergex Renewable Energy Trading Down 0.8 %
Innergex Renewable Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Monday, January 16th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.51%. Innergex Renewable Energy’s dividend payout ratio (DPR) is currently -757.89%.
About Innergex Renewable Energy
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 hydroelectric facilities, and wind and solar farms, as well as energy storage facilities. The company operates through three segments: Hydroelectric Power Generation, Wind Power Generation, and Solar Power Generation.
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