Cullen Capital Management LLC lifted its position in shares of Power Co. of Canada (OTCMKTS:PWCDF – Free Report) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 886,766 shares of the company’s stock after purchasing an additional 18,490 shares during the period. Cullen Capital Management LLC’s holdings in Power Co. of Canada were worth $55,121,000 as of its most recent SEC filing.
Power Co. of Canada Trading Down 0.4%
OTCMKTS:PWCDF opened at $66.21 on Tuesday. The stock has a fifty day moving average price of $65.00 and a two-hundred day moving average price of $57.08. Power Co. of Canada has a 1 year low of $40.50 and a 1 year high of $70.74.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Power Co. of Canada in a research note on Friday, July 31st. Desjardins reaffirmed a “buy” rating on shares of Power Co. of Canada in a report on Wednesday, May 13th. TD Securities restated a “hold” rating on shares of Power Co. of Canada in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Power Co. of Canada in a research report on Wednesday, April 29th. Finally, Scotiabank reissued an “outperform” rating on shares of Power Co. of Canada in a report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Power Co. of Canada Profile
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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