Cullen Capital Management LLC lifted its position in Power Co. of Canada (OTCMKTS:PWCDF – Free Report) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 886,766 shares of the company’s stock after buying an additional 18,490 shares during the quarter. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 at the end of the most recent reporting period.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PWCDF. Scotiabank reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating on shares of Power Co. of Canada in a research report on Friday, July 31st. Jefferies Financial Group raised shares of Power Co. of Canada from a “hold” rating to a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Power Co. of Canada in a research note on Thursday, May 14th. Finally, Desjardins reissued a “buy” rating on shares of Power Co. of Canada in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Power Co. of Canada
Power Co. of Canada Stock Performance
About Power Co. of Canada
Power Co of Canada is a diversified international management and holding company founded in 1925 and headquartered in Montreal, Quebec. Through its principal subsidiaries, the company builds long-term value by investing in and providing strategic oversight to companies operating primarily in the financial services sector. Power Co maintains a long history of family ownership and stewardship, with former co-CEOs Paul Desmarais Jr. and André Desmarais playing key roles in its development over recent decades.
The company’s main areas of activity encompass life and health insurance, wealth and asset management, and retirement services.
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