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

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider owned 8,711 shares of the company’s stock, valued at C$652,279.68. This represents a 14.69% decrease in their position.

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 shares were sold at an average price of C$70.89, for a total value of C$90,455.64.

Capital Power Price Performance

CPX opened at C$74.76 on Friday. The company’s 50-day simple moving average is C$68.36 and its two-hundred day simple moving average is C$64.09. The company has a debt-to-equity ratio of 146.00, a quick ratio of 0.55 and a current ratio of 0.69. The stock has a market capitalization of C$11.70 billion, a P/E ratio of -679.64, a P/E/G ratio of 0.91 and a beta of 0.60. Capital Power Co. has a 52-week low of C$54.03 and a 52-week high of C$75.70.

Capital Power (TSE:CPX) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.04 earnings per share for the quarter. Capital Power had a net margin of 0.66% and a return on equity of 0.49%. The firm had revenue of C$1.18 billion during the quarter. As a group, analysts predict that Capital Power Co. will post 2.8197088 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. National Bank Financial raised their price target on Capital Power from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Desjardins set a C$82.00 price objective on Capital Power and gave the company a “top pick” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company set a C$70.00 target price on Capital Power and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target 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.