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 that occurred 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 sale, the insider directly owned 8,711 shares in the company, valued at C$652,279.68. This trade represents a 14.69% decrease in their position.

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

CPX opened at C$74.76 on Friday. The firm has a market capitalization of C$11.70 billion, a P/E ratio of -679.64, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60. Capital Power Co. has a one year low of C$54.03 and a one year high of C$75.70. The company has a fifty day moving average price of C$68.50 and a 200-day moving average price of C$64.17. 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 (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. The company had revenue of C$1.18 billion during the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%. Equities research analysts expect that Capital Power Co. will post 2.8197088 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CPX shares. Wells Fargo & Company set a C$70.00 price target on shares of Capital Power and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Desjardins set a C$82.00 price objective on shares of Capital Power and gave the stock a “top pick” rating in a report on Tuesday, May 26th. Finally, National Bank Financial upped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Capital Power has a consensus rating of “Buy” and a consensus price target of C$78.56.

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.