Innergex Renewable Energy Inc. (INGXF) To Go Ex-Dividend on March 31st

Innergex Renewable Energy Inc. (OTCMKTS:INGXF) announced a dividend on Saturday, March 22nd, investing.com reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.0624 per share on Tuesday, April 15th. This represents a yield of 2.64%. The ex-dividend date is Monday, March 31st.

Innergex Renewable Energy Stock Down 0.0 %

INGXF opened at $9.48 on Friday. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $1.93 billion, a P/E ratio of 316.00 and a beta of 0.56. Innergex Renewable Energy has a fifty-two week low of $4.81 and a fifty-two week high of $9.53. The stock has a fifty day moving average of $7.25 and a 200-day moving average of $6.72.

Innergex Renewable Energy (OTCMKTS:INGXF) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.22. The business had revenue of $204.46 million during the quarter, compared to analysts’ expectations of $266.84 million. Innergex Renewable Energy had a return on equity of 4.40% and a net margin of 1.84%. On average, equities analysts expect that Innergex Renewable Energy will post 0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INGXF shares. Raymond James cut shares of Innergex Renewable Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 25th. National Bank Financial downgraded Innergex Renewable Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Innergex Renewable Energy Company Profile

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.