Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve Sells 6,100 Shares

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve sold 6,100 shares of the 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 shares were 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 stock was sold at an average price of C$42.93, for a total transaction of C$4,293.00.

Capital Power Stock Performance

Capital Power stock opened at C$50.67 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company has a market capitalization of C$6.58 billion, a PE ratio of 10.03, a P/E/G ratio of 0.91 and a beta of 0.63. The firm has a fifty day simple moving average of C$45.80 and a two-hundred day simple moving average of C$41.09. Capital Power Co. has a twelve month low of C$33.90 and a twelve month high of C$50.92.

Capital Power (TSE:CPX) last posted its quarterly earnings results 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). The business had revenue of C$774.00 million during the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. Research analysts expect that Capital Power Co. will post 2.8211658 EPS for the current year.

Capital Power Increases Dividend

The firm 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 $0.652 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a yield of 5.15%. Capital Power’s payout ratio is currently 51.68%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. CIBC boosted their price target on shares of Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of Capital Power from C$39.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. National Bankshares boosted 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. Finally, Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Capital Power currently has a consensus rating of “Moderate Buy” and a consensus price target 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.