Innergex Renewable Energy Inc (TSE:INE) – Stock analysts at National Bank Financial dropped their FY2017 EPS estimates for shares of Innergex Renewable Energy in a note issued to investors on Monday. National Bank Financial analyst R. Merer now anticipates that the company will post earnings per share of $0.30 for the year, down from their prior estimate of $0.37.
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Separately, BMO Capital Markets raised their target price on shares of Innergex Renewable Energy from C$18.50 to C$19.00 in a report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Innergex Renewable Energy currently has an average rating of “Hold” and a consensus price target of C$17.00.
Shares of Innergex Renewable Energy (TSE INE) opened at 15.59 on Wednesday. The stock has a market cap of $1.69 billion and a price-to-earnings ratio of 70.54. Innergex Renewable Energy has a 52 week low of $12.43 and a 52 week high of $15.72. The stock’s 50 day moving average price is $14.61 and its 200 day moving average price is $14.44.
In other news, Director Monique Mercier acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of C$14.34 per share, with a total value of C$28,680.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.165 dividend. This is a positive change from Innergex Renewable Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.66 dividend on an annualized basis and a yield of 4.23%.
Innergex Renewable Energy Company Profile
Innergex Renewable Energy Inc is a Canada-based renewable power producer. The Company is a developer, owner and operator of renewable power-generating facilities with a focus on hydroelectric, wind power and solar photovoltaic (PV) projects. It operates through four segments: hydroelectric generation, wind power generation, solar power generation and site development.
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