Bryan Deneve Purchases 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 on Friday, May 3rd. The stock was bought at an average cost of C$35.80 per share, with a total value 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 stock was sold at an average price of C$38.38, for a total transaction of C$23,025.84.

Capital Power Stock Up 1.0 %

CPX opened at C$36.42 on Tuesday. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. Capital Power Co. has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The firm’s fifty day moving average is C$37.28 and its 200 day moving average is C$37.27. The stock has a market cap of C$4.70 billion, a price-to-earnings ratio of 6.03, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The company had revenue of C$984.00 million for the quarter. On average, sell-side analysts forecast that Capital Power Co. will post 3.2094897 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a yield of 6.75%. Capital Power’s dividend payout ratio is currently 40.73%.

Analysts Set New Price Targets

CPX has been the subject of a number of research analyst reports. ATB Capital cut their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. Raymond James cut their target price on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. BMO Capital Markets dropped their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada dropped their price target on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 2nd. Finally, Desjardins dropped their price target on shares of Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$44.45.

Capital Power Company Profile

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.