Insider Buying: Capital Power Co. (TSE:CPX) Senior Officer Buys C$179,005.00 in Stock

Capital Power Co. (TSE:CPX) Senior Officer Bryan Deneve purchased 5,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price 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 value of C$23,025.84.

Capital Power Price Performance

Shares of CPX opened at C$37.14 on Thursday. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. Capital Power Co. has a 1-year low of C$33.90 and a 1-year high of C$46.73. The stock has a market cap of C$4.80 billion, a PE ratio of 6.15, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The firm has a fifty day moving average price of C$37.23 and a 200 day moving average price of C$37.27.

Capital Power (TSE:CPX) last posted its earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The business had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. As a group, sell-side analysts anticipate that Capital Power Co. will post 3.2094897 EPS for the current year.

Capital Power Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a dividend of $0.615 per share. The ex-dividend date is Friday, June 28th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.62%. Capital Power’s dividend payout ratio (DPR) is presently 40.73%.

Wall Street Analyst Weigh In

CPX has been the topic of a number of recent research reports. Desjardins cut 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. Scotiabank reduced their target price on shares of Capital Power from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Thursday, May 2nd. ATB Capital dropped their price target 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 note on Wednesday, January 17th. Royal Bank of Canada reduced their price objective on 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, Raymond James lowered their target price on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Capital Power has an average rating of “Hold” and an average 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.