Innergex Renewable Energy Inc. (TSE:INE – Get Free Report) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, September 27th.
Innergex Renewable Energy Stock Down 0.6 %
Shares of INE traded down C$0.06 during midday trading on Friday, hitting C$9.63. The stock had a trading volume of 94,450 shares, compared to its average volume of 715,499. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -15.14, a price-to-earnings-growth ratio of 20.61 and a beta of 0.34. The company has a 50 day simple moving average of C$10.17 and a two-hundred day simple moving average of C$8.96. Innergex Renewable Energy has a twelve month low of C$7.05 and a twelve month high of C$13.34. The company has a debt-to-equity ratio of 546.12, a current ratio of 0.74 and a quick ratio of 0.58.
Innergex Renewable Energy (TSE:INE – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported C($0.11) EPS for the quarter, meeting the consensus estimate of C($0.11). Innergex Renewable Energy had a negative return on equity of 10.13% and a negative net margin of 11.78%. The firm had revenue of C$242.54 million for the quarter, compared to analysts’ expectations of C$240.80 million. On average, analysts anticipate that Innergex Renewable Energy will post 0.0799919 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Innergex Renewable Energy
Insider Buying and Selling
In other Innergex Renewable Energy news, Director Patrick Loulou acquired 11,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were purchased at an average price of C$10.25 per share, for a total transaction of C$112,750.00. 20.44% of the stock is currently owned by corporate insiders.
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 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.
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