Innergex Renewable Energy Inc. (OTCMKTS:INGXF – Get Rating) announced a dividend on Wednesday, September 21st, investing.com reports. Stockholders of record on Thursday, September 29th will be given a dividend of 0.1393 per share on Monday, October 17th. This represents a dividend yield of 3.86%. The ex-dividend date is Wednesday, September 28th.
Innergex Renewable Energy Price Performance
INGXF stock opened at $13.66 on Friday. The company has a debt-to-equity ratio of 3.69, a current ratio of 0.77 and a quick ratio of 0.77. The business has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $14.44. The firm has a market capitalization of $2.79 billion, a PE ratio of -40.18 and a beta of 0.51. Innergex Renewable Energy has a 1 year low of $12.26 and a 1 year high of $17.80.
Get Innergex Renewable Energy alerts:Innergex Renewable Energy (OTCMKTS:INGXF – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $172.19 million during the quarter. Innergex Renewable Energy had a negative net margin of 9.83% and a negative return on equity of 0.15%.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upped their price objective on Innergex Renewable Energy from C$24.00 to C$25.00 in a report on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.54.About Innergex Renewable Energy
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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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