Jason Daniel Comandante Sells 1,500 Shares of Capital Power (TSE:CPX) Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the completion of the transaction, the insider owned 8,711 shares in the company, valued at C$652,279.68. This trade represents a 14.69% decrease in their ownership of the stock.

Jason Daniel Comandante also recently made the following trade(s):

• On Monday, June 1st, Jason Daniel Comandante sold 1,276 shares of Capital Power stock. The stock was sold at an average price of C$70.89, for a total transaction of C$90,455.64.

Capital Power Price Performance

TSE:CPX opened at C$74.76 on Friday. Capital Power Co. has a 52 week low of C$54.03 and a 52 week high of C$75.70. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. The firm’s 50-day simple moving average is C$68.50 and its 200 day simple moving average is C$64.17. The firm has a market cap of C$11.70 billion, a price-to-earnings ratio of -679.64, a P/E/G ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion during the quarter. As a group, sell-side analysts predict that Capital Power Co. will post 2.8197088 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPX. National Bank Financial increased their price target on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Wells Fargo & Company set a C$70.00 price objective on Capital Power and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Finally, Desjardins set a C$82.00 target price on Capital Power and gave the company a “top pick” rating in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$78.56.

Capital Power Company Profile

Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 12 GW of power generation at 32 facilities, plus battery energy storage across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building lower-carbon power systems, and creating balanced solutions for our energy future.