Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve Sells 2,441 Shares

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve sold 2,441 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10.

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

• On Friday, May 10th, Bryan Deneve bought 5,000 shares of Capital Power stock. The stock was purchased at an average cost of C$37.14 per share, for a total transaction of C$185,700.00.
• On Friday, May 3rd, Bryan Deneve bought 5,000 shares of Capital Power stock. The stock was acquired at an average price of C$35.80 per share, with a total value of C$179,005.00.

Capital Power Stock Up 0.4 %

Shares of CPX traded up C$0.15 during trading hours on Tuesday, reaching C$41.18. The stock had a trading volume of 176,458 shares, compared to its average volume of 442,388. The company has a market capitalization of C$5.32 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.91 and a beta of 0.58. The firm has a 50-day simple moving average of C$37.71 and a 200 day simple moving average of C$37.60. Capital Power Co. has a 12 month low of C$33.90 and a 12 month high of C$45.21. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.64 by C$0.93. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. The firm had revenue of C$1.12 billion during the quarter. Equities research analysts predict that Capital Power Co. will post 3.1603928 earnings per share for the current fiscal year.

Capital Power Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.97%. Capital Power’s dividend payout ratio (DPR) is presently 47.04%.

Analyst Ratings Changes

CPX has been the topic of several analyst reports. Scotiabank upped their target price on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. Raymond James cut their target price on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. BMO Capital Markets lowered their price target on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. Desjardins lowered their target price on Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, Royal Bank of Canada lowered their target price on Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research note on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and an average target price of C$45.09.

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.