Capital Power (TSE:CPX) Insider Jason Daniel Comandante Sells 1,276 Shares

Capital Power Co. (TSE:CPX) insider Jason Daniel Comandante sold 1,276 shares of Capital Power stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$70.89, for a total value of C$90,455.64. Following the sale, 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 Trading Up 1.3%

Shares of CPX stock traded up C$0.90 during mid-day trading on Monday, reaching C$71.54. 369,965 shares of the stock traded hands, compared to its average volume of 698,592. The stock’s fifty day simple moving average is C$65.96 and its two-hundred day simple moving average is C$62.70. Capital Power Co. has a 1-year low of C$54.03 and a 1-year high of C$73.80. The company has a market cap of C$11.19 billion, a price-to-earnings ratio of -650.36, a price-to-earnings-growth ratio of 0.91 and a beta of 0.54. The company has a quick ratio of 0.55, a current ratio of 0.69 and a debt-to-equity ratio of 146.00.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.04 EPS for the quarter. Capital Power had a return on equity of 0.49% and a net margin of 0.66%.The firm had revenue of C$1.18 billion for the quarter. On average, research analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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