Innergex Renewable Energy Inc. (INE) To Go Ex-Dividend on March 27th

Innergex Renewable Energy Inc. (TSE:INEGet Free Report) announced a quarterly dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Thursday, March 28th will be given a dividend of 0.09 per share on Monday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend is Wednesday, March 27th.

Innergex Renewable Energy Trading Down 0.6 %

Shares of TSE INE opened at C$7.98 on Monday. Innergex Renewable Energy has a 1 year low of C$7.05 and a 1 year high of C$15.23. 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 50-day moving average of C$8.37 and a 200 day moving average of C$9.29. The stock has a market cap of C$1.63 billion, a P/E ratio of -15.65, a price-to-earnings-growth ratio of 20.61 and a beta of 0.37.

Innergex Renewable Energy (TSE:INEGet Free Report) last released its earnings results on Wednesday, February 21st. The company reported C($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.01. The firm had revenue of C$261.53 million during the quarter, compared to analyst estimates of C$264.85 million. Innergex Renewable Energy had a negative net margin of 9.45% and a negative return on equity of 7.86%. As a group, sell-side analysts expect that Innergex Renewable Energy will post 0.1211856 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on INE shares. National Bankshares raised their price target on Innergex Renewable Energy from C$15.75 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Raymond James reduced their target price on Innergex Renewable Energy from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Desjardins lowered their price target on Innergex Renewable Energy from C$14.50 to C$14.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. BMO Capital Markets decreased their target price on Innergex Renewable Energy from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Finally, TD Securities dropped their price target on shares of Innergex Renewable Energy from C$12.00 to C$10.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Innergex Renewable Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$13.36.

Read Our Latest Research Report on Innergex Renewable Energy

Insider Transactions at Innergex Renewable Energy

In related news, Senior Officer Jean Trudel acquired 13,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average cost of C$7.68 per share, for a total transaction of C$99,840.00. In other Innergex Renewable Energy news, Senior Officer Jean Trudel purchased 13,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were acquired at an average cost of C$7.68 per share, with a total value of C$99,840.00. Also, Director Richard Gagnon purchased 3,125 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of C$8.13 per share, for a total transaction of C$25,408.75. Insiders have purchased 22,125 shares of company stock valued at $174,975 over the last quarter. 24.02% of the stock is currently owned by company insiders.

Innergex Renewable Energy Company Profile

(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.

See Also

Dividend History for Innergex Renewable Energy (TSE:INE)

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