Bryan Deneve Acquires 5,000 Shares of Capital Power Co. (TSE:CPX) Stock

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost 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 value of C$23,025.84.

Capital Power Price Performance

TSE:CPX opened at C$36.30 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. Capital Power Co. has a 52 week low of C$33.90 and a 52 week high of C$46.73. The stock’s 50-day moving average price is C$37.25 and its 200-day moving average price is C$37.27. The stock has a market capitalization of C$4.69 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The company had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. As a group, equities analysts expect that Capital Power Co. will post 3.2094897 EPS for the current fiscal year.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s payout ratio is presently 40.73%.

Wall Street Analyst Weigh In

CPX has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Scotiabank decreased their target price on shares of Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. National Bankshares cut their price target on Capital Power from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. ATB Capital decreased their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Finally, CIBC lowered their target price on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$44.45.

About Capital Power

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.