Insider Selling: Capital Power (TSE:CPX) Insider Sells C$112,320.00 in Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,500 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total transaction of C$112,320.00. Following the transaction, the insider directly owned 8,711 shares in the company, valued at approximately 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

Shares of CPX stock traded up C$0.62 during midday trading on Thursday, reaching C$75.06. 170,308 shares of the company traded hands, compared to its average volume of 686,334. The firm’s 50 day simple moving average is C$68.20 and its two-hundred day simple moving average is C$64.01. The firm has a market cap of C$11.75 billion, a PE ratio of -682.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. Capital Power Co. has a 1-year low of C$54.03 and a 1-year high of C$75.70.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The business had revenue of C$1.18 billion for the quarter. On average, equities research analysts expect that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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