Innergex Renewable Energy Inc. (TSE:INE – Get Rating) announced a quarterly dividend on Wednesday, September 28th, TickerTech reports. Shareholders of record on Monday, October 17th will be paid a dividend of 0.18 per share on Monday, October 17th. This represents a $0.72 annualized dividend and a yield of 3.91%. The ex-dividend date is Wednesday, September 28th.
Innergex Renewable Energy Price Performance
Shares of TSE INE opened at C$18.40 on Monday. The company has a debt-to-equity ratio of 361.27, a quick ratio of 0.59 and a current ratio of 0.77. The company has a market cap of C$3.76 billion and a PE ratio of -193.68. The business has a 50-day simple moving average of C$19.42 and a two-hundred day simple moving average of C$18.56. Innergex Renewable Energy has a fifty-two week low of C$15.89 and a fifty-two week high of C$22.03.
Get Innergex Renewable Energy alerts:Innergex Renewable Energy (TSE:INE – Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported C($0.01) EPS for the quarter, missing analysts' consensus estimates of C$0.08 by C($0.09). The company had revenue of C$219.75 million during the quarter, compared to analysts' expectations of C$224.95 million. As a group, equities analysts expect that Innergex Renewable Energy will post 0.35 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Credit Suisse Group lifted their target price on Innergex Renewable Energy to C$27.50 in a report on Wednesday, August 24th. CSFB lifted their target price on Innergex Renewable Energy from C$24.00 to C$27.50 in a report on Wednesday, August 24th. CIBC lifted their target price on Innergex Renewable Energy from C$22.00 to C$23.00 in a report on Friday, September 16th. National Bankshares lifted their target price on Innergex Renewable Energy from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Wednesday, September 21st. Finally, TD Securities cut Innergex Renewable Energy from a "buy" rating to a "hold" rating and lifted their price target for the company from C$19.00 to C$21.00 in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$23.53.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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