Capital Power Co. (TSE:CPX) Senior Officer Buys C$185,700.00 in Stock

Capital Power Co. (TSE:CPX - Get Free Report) Senior Officer Bryan Deneve acquired 5,000 shares of the firm's stock in a transaction on Friday, May 10th. The stock was bought at an average price of C$37.14 per share, for a total transaction of C$185,700.00.

Bryan Deneve also recently made the following trade(s):

• On Friday, May 3rd, Bryan Deneve bought 5,000 shares of Capital Power stock. The shares were purchased at an average cost of C$35.80 per share, with a total value of C$179,005.00.
• 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 value of C$23,025.84.

Capital Power Stock Up 0.8 %

CPX traded up C$0.31 on Friday, hitting C$37.50. The company had a trading volume of 455,974 shares, compared to its average volume of 428,172. The firm has a market capitalization of C$4.84 billion, a P/E ratio of 6.21, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The stock has a fifty day simple moving average of C$37.21 and a 200-day simple moving average of C$37.27. Capital Power Co. has a 52-week low of C$33.90 and a 52-week high of C$46.73.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.02. The firm 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 annualized dividend and a dividend yield of 6.56%. Capital Power's payout ratio is 40.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. CIBC cut their target price on Capital Power from C$40.00 to C$39.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. TD Securities decreased their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. BMO Capital Markets lowered their price objective on shares of Capital Power from C$40.00 to C$38.00 and set a "market perform" rating for the company in a research note on Thursday, May 2nd. Scotiabank reduced their price target 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. Finally, Desjardins cut their target price on 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, Capital Power currently has an average rating of "Hold" and a consensus target price 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.