Insider Selling: Capital Power Co. (TSE:CPX) Senior Officer Sells C$308,355.00 in Stock

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00.

Bryan Deneve also recently made the following trade(s):

• On Thursday, September 26th, Bryan Deneve sold 100 shares of Capital Power stock. The stock was sold at an average price of C$50.08, for a total transaction of C$5,008.00.
• On Monday, September 9th, Bryan Deneve sold 100 shares of Capital Power stock. The shares were sold at an average price of C$46.18, for a total transaction of C$4,618.00.
• On Tuesday, August 6th, Bryan Deneve sold 100 shares of Capital Power stock. The shares were sold at an average price of C$42.93, for a total transaction of C$4,293.00.

Capital Power Price Performance

Capital Power Co. has a one year low of C$33.90 and a one year high of C$50.92. The stock has a market capitalization of C$6.54 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.91 and a beta of 0.63. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The company has a fifty day moving average of C$45.97 and a 200 day moving average of C$41.17.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The company had revenue of C$774.00 million for the quarter. On average, equities analysts anticipate that Capital Power Co. will post 2.8211658 earnings per share for the current year.

Capital Power Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a dividend of $0.652 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.61 annualized dividend and a yield of ∞. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s payout ratio is 51.68%.

Analysts Set New Price Targets

CPX has been the subject of a number of analyst reports. CIBC raised their price target on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Desjardins lifted their target price on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. National Bankshares upped their price target on Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. TD Securities raised their price objective on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upped their target price on shares of Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$46.44.

About Capital Power

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.