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 of this dividend is Friday, September 27th.
Innergex Renewable Energy Stock Down 0.6 %
TSE INE traded down C$0.06 during trading hours on Friday, reaching C$9.63. 94,450 shares of the company traded hands, compared to its average volume of 715,499. The stock has a market capitalization of C$1.96 billion, a PE ratio of -15.14, a PEG ratio of 20.61 and a beta of 0.34. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 546.12. Innergex Renewable Energy has a 12 month low of C$7.05 and a 12 month high of C$13.34. The company has a 50 day moving average of C$10.17 and a two-hundred day moving average of C$8.96.
Innergex Renewable Energy (TSE:INE – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of C($0.11). Innergex Renewable Energy had a negative net margin of 11.78% and a negative return on equity of 10.13%. The company had revenue of C$242.54 million for the quarter, compared to analysts’ expectations of C$240.80 million. As a group, equities analysts expect that Innergex Renewable Energy will post 0.0799919 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Stock Report on INE
Insider Activity
In other news, Director Patrick Loulou bought 11,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were purchased at an average cost of C$10.25 per share, with a total value of C$112,750.00. Insiders own 20.44% of the company’s stock.
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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