Innergex Renewable Energy Inc (TSE:INE) announced a quarterly dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.175 per share on Monday, July 15th. This represents a $0.70 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Thursday, June 27th.
Shares of TSE INE traded down C$0.06 during trading on Tuesday, hitting C$14.14. 33,318 shares of the company traded hands, compared to its average volume of 272,558. Innergex Renewable Energy has a 1 year low of C$11.66 and a 1 year high of C$14.75. The stock has a 50-day moving average of C$14.06. The company has a market cap of $1.84 billion and a price-to-earnings ratio of 70.30. The company has a debt-to-equity ratio of 534.40, a current ratio of 1.09 and a quick ratio of 0.17.
Innergex Renewable Energy (TSE:INE) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.09). The firm had revenue of C$126.42 million for the quarter, compared to the consensus estimate of C$128.00 million. On average, research analysts predict that Innergex Renewable Energy will post 0.3897271 EPS for the current fiscal year.
Several analysts have recently issued reports on the stock. TD Securities lowered their price objective on shares of Innergex Renewable Energy from C$16.00 to C$15.50 and set a “hold” rating for the company in a research note on Thursday, May 16th. Desjardins reissued an “average” rating and set a C$15.50 price objective on shares of Innergex Renewable Energy in a research note on Wednesday, April 24th. Finally, Raymond James reissued an “outperform” rating and set a C$17.00 price objective on shares of Innergex Renewable Energy in a research note on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Innergex Renewable Energy has an average rating of “Hold” and a consensus target price of C$15.86.
About Innergex Renewable Energy
Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through five segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, Geothermal Generation, and Site Development.
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