Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve Buys 5,000 Shares

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of C$35.80 per share, for a total transaction of C$179,005.00.

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

• On Monday, March 4th, Bryan Deneve sold 600 shares of Capital Power stock. The shares were sold at an average price of C$38.38, for a total transaction of C$23,025.84.

Capital Power Price Performance

Shares of TSE:CPX opened at C$37.14 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm’s 50 day moving average is C$37.23 and its two-hundred day moving average is C$37.27. The firm has a market capitalization of C$4.80 billion, a P/E ratio of 6.15, a PEG ratio of 0.91 and a beta of 0.57. Capital Power Co. has a 52 week low of C$33.90 and a 52 week high of C$46.73.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. The firm had revenue of C$984.00 million for the quarter. Analysts anticipate that Capital Power Co. will post 3.2094897 earnings per share for the current year.

Capital Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be given a $0.615 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a yield of 6.62%. Capital Power’s dividend payout ratio is presently 40.73%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPX shares. CIBC lowered their price target on shares of Capital Power from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Desjardins dropped their target price on Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. TD Securities reduced their price target on Capital Power from C$49.00 to C$47.00 in a report on Thursday, May 2nd. Scotiabank dropped their price objective on Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. Finally, Raymond James reduced their target price on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$44.45.

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.