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 that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction 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 value 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 stock was sold at an average price of C$42.93, for a total value of C$4,293.00.

Capital Power Stock Performance

Capital Power stock traded up C$0.11 during mid-day trading on Tuesday, reaching C$50.67. The company’s stock had a trading volume of 634,638 shares, compared to its average volume of 466,407. The firm’s fifty day moving average price is C$45.60 and its two-hundred day moving average price is C$41.00. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. Capital Power Co. has a 12-month low of C$33.90 and a 12-month high of C$50.92. The company has a market capitalization of C$6.58 billion, a P/E ratio of 10.03, a PEG ratio of 0.91 and a beta of 0.63.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$774.00 million during the quarter. Sell-side analysts predict that Capital Power Co. will post 2.8211658 EPS for the current fiscal year.

Capital Power Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.652 dividend. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 30th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.15%. Capital Power’s dividend payout ratio is presently 51.68%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPX. ATB Capital boosted their price target on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. National Bankshares upped their price target on shares of 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. BMO Capital Markets raised their target price on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Desjardins upped their price target on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Scotiabank raised their price target on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$46.44.

Capital Power Company Profile

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.