Jason Daniel Comandante Sells 1,276 Shares of Capital Power (TSE:CPX) Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,276 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$70.89, for a total transaction of C$90,455.64. Following the completion of the sale, the insider directly owned 8,711 shares of the company’s stock, valued at C$617,522.79. The trade was a 12.78% decrease in their ownership of the stock.

Capital Power Stock Performance

Shares of CPX opened at C$72.00 on Wednesday. The company has a debt-to-equity ratio of 146.00, a current ratio of 0.69 and a quick ratio of 0.55. The firm’s 50 day moving average is C$66.14 and its 200-day moving average is C$62.74. Capital Power Co. has a 12-month low of C$54.03 and a 12-month high of C$73.80. The stock has a market capitalization of C$11.27 billion, a P/E ratio of -654.55, a P/E/G ratio of 0.91 and a beta of 0.54.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CPX shares. National Bank Financial raised their price objective on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Monday. Desjardins set a C$82.00 target price on Capital Power and gave the company a “top pick” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company set a C$70.00 price target on Capital Power and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$76.70.

About Capital Power

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.