Innergex Renewable Energy (INGXF) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Innergex Renewable Energy (OTCMKTS:INGXF) from a buy rating to a hold rating in a research note issued to investors on Monday, April 15th, ValuEngine reports.

OTCMKTS:INGXF remained flat at $$10.50 during midday trading on Monday. 3,539 shares of the company traded hands, compared to its average volume of 2,860. Innergex Renewable Energy has a one year low of $8.50 and a one year high of $11.19. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 69.93 and a beta of 0.74.

Innergex Renewable Energy (OTCMKTS:INGXF) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.08 earnings per share (EPS) for the quarter. Innergex Renewable Energy had a net margin of 5.77% and a return on equity of 3.45%. The business had revenue of $125.74 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.133 per share. This represents a $0.53 annualized dividend and a yield of 5.07%. This is a positive change from Innergex Renewable Energy’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, March 28th.

About Innergex Renewable Energy

Innergex Renewable Energy, Inc engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development.

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