Innergex Renewable Energy Inc (TSE:INE) Director Monique Mercier purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average cost of C$14.34 per share, with a total value of C$28,680.00.
Innergex Renewable Energy Inc (TSE INE) opened at 14.46 on Friday. Innergex Renewable Energy Inc has a 12 month low of $12.43 and a 12 month high of $15.34. The stock’s 50 day moving average is $14.50 and its 200-day moving average is $14.35. The company has a market capitalization of $1.57 billion and a PE ratio of 65.43.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.165 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.66 annualized dividend and a dividend yield of 4.56%. This is an increase from Innergex Renewable Energy’s previous quarterly dividend of $0.15.
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INE has been the subject of several recent analyst reports. Raymond James Financial, Inc. raised their price objective on shares of Innergex Renewable Energy from C$17.50 to C$18.50 and gave the stock an “outperform” rating in a report on Thursday, May 4th. AltaCorp Capital cut shares of Innergex Renewable Energy from an “outperform” rating to a “sector perform” rating in a research note on Thursday, May 4th. TD Securities raised their price objective on shares of Innergex Renewable Energy from C$14.50 to C$15.00 and gave the company a “hold” rating in a research note on Friday, May 5th. Finally, Desjardins raised their price objective on shares of Innergex Renewable Energy from C$15.50 to C$16.00 and gave the company a “buy” rating in a research note on Thursday, May 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$16.50.
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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