Insider Selling: Capital Power (TSE:CPX) Insider Sells C$90,455.64 in Stock

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,276 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$70.89, for a total transaction of C$90,455.64. Following the completion of the transaction, the insider directly owned 8,711 shares in the company, valued at C$617,522.79. The trade was a 12.78% decrease in their ownership of the stock.

Capital Power Price Performance

Shares of CPX opened at C$72.03 on Thursday. The firm has a market capitalization of C$11.27 billion, a PE ratio of -654.82, a PEG ratio of 0.91 and a beta of 0.54. The company’s 50-day moving average is C$66.54 and its 200-day moving average is C$62.85. Capital Power Co. has a fifty-two week low of C$54.03 and a fifty-two week high of C$73.80. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The business had revenue of C$1.18 billion for the quarter. Equities analysts forecast that Capital Power Co. will post 2.8197088 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently 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 report on Tuesday, May 12th. National Bank Financial raised their price target 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. Finally, Desjardins set a C$82.00 price target on shares of Capital Power and gave the stock a “top pick” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$76.70.

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.