Capital Power (TSE:CPX) Insider Jason Daniel Comandante Sells 1,500 Shares of Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$74.88, for a total value of C$112,320.00. Following the transaction, the insider directly owned 8,711 shares of the company’s stock, valued at approximately C$652,279.68. This 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 Stock Up 0.8%

TSE:CPX traded up C$0.62 during mid-day trading on Thursday, hitting C$75.06. The stock had a trading volume of 170,308 shares, compared to its average volume of 686,334. Capital Power Co. has a twelve month low of C$54.03 and a twelve month high of C$75.70. The stock has a 50-day simple moving average of C$68.20 and a two-hundred day simple moving average of C$64.01. The company has a current ratio of 0.69, a quick ratio of 0.55 and a debt-to-equity ratio of 146.00. The company has a market capitalization of C$11.75 billion, a PE ratio of -682.36, a PEG ratio of 0.91 and a beta of 0.60.

Capital Power (TSE:CPX) last issued its earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. The firm 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%. On average, equities research analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current year.

Wall Street Analysts Forecast Growth

CPX has been the topic of a number of recent research reports. 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. 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 report on Tuesday, May 12th. Finally, National Bank Financial boosted their price objective on shares of Capital Power from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Capital Power presently has an average rating of “Buy” and a consensus 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.