Innergex Renewable Energy Inc (TSE:INE) reached a new 52-week low on Monday . The company traded as low as C$11.66 and last traded at C$11.82, with a volume of 241952 shares. The stock had previously closed at C$11.94.

INE has been the topic of a number of recent research reports. Industrial Alliance Securities decreased their target price on Innergex Renewable Energy from C$18.00 to C$16.00 in a research report on Tuesday, October 9th. National Bank Financial decreased their target price on Innergex Renewable Energy from C$18.50 to C$17.50 in a research report on Friday, October 5th. TD Securities lifted their target price on Innergex Renewable Energy from C$15.50 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, Raymond James decreased their target price on Innergex Renewable Energy from C$29.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Innergex Renewable Energy presently has a consensus rating of “Buy” and a consensus target price of C$16.19.

Innergex Renewable Energy (TSE:INE) last released its earnings results on Monday, August 13th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.04. The business had revenue of C$149.54 million for the quarter, compared to the consensus estimate of C$156.80 million. Innergex Renewable Energy had a return on equity of 7.23% and a net margin of 3.26%.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Thursday, September 27th.

Innergex Renewable Energy Company Profile (TSE:INE)

Innergex Renewable Energy Inc operates as an independent renewable power producer. It develops, owns, and operates run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power facilities. The company operates through four segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

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