Innergex Renewable Energy Inc (TSE:INE) insider Jean Trudel sold 1,900 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$15.39, for a total value of C$29,241.00.

Shares of Innergex Renewable Energy Inc (TSE:INE) traded down 0.99% during midday trading on Thursday, reaching $14.98. The company had a trading volume of 115,781 shares. The stock has a market capitalization of $1.63 billion and a PE ratio of 67.78. Innergex Renewable Energy Inc has a 1-year low of $12.43 and a 1-year high of $15.72. The company’s 50-day moving average is $14.67 and its 200-day moving average is $14.46.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.165 per share. This is an increase from Innergex Renewable Energy’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Thursday, September 28th.

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Separately, BMO Capital Markets raised their target price on Innergex Renewable Energy from C$18.50 to C$19.00 in a research report on Friday, September 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Innergex Renewable Energy has a consensus rating of “Hold” and a consensus price target of C$17.00.

About Innergex Renewable Energy

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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