Capital Power Corp (TSE:CPX) Director Brian Tellef Vaasjo Buys 10,000 Shares

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Capital Power Corp (TSE:CPX) Director Brian Tellef Vaasjo acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of C$29.75 per share, with a total value of C$297,500.00. Following the completion of the transaction, the director now directly owns 128,192 shares of the company’s stock, valued at C$3,813,712.

Shares of CPX opened at C$30.05 on Wednesday. The company has a debt-to-equity ratio of 105.69, a current ratio of 0.86 and a quick ratio of 0.53. Capital Power Corp has a one year low of C$25.33 and a one year high of C$32.44. The stock has a market capitalization of $3.15 billion and a PE ratio of 10.68. The stock’s 50 day moving average price is C$30.27.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.39%. This is a boost from Capital Power’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, September 27th. Capital Power’s payout ratio is presently 63.63%.

Several analysts recently commented on CPX shares. Raymond James boosted their price target on Capital Power from C$35.50 to C$36.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. CSFB boosted their price target on Capital Power from C$28.00 to C$32.00 in a research report on Thursday, April 25th. BMO Capital Markets boosted their price target on Capital Power from C$30.00 to C$31.00 in a research report on Tuesday, July 30th. National Bank Financial boosted their price target on Capital Power from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 19th. Finally, CIBC boosted their price target on Capital Power from C$32.50 to C$33.00 in a research report on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Capital Power has a consensus rating of “Hold” and an average target price of C$33.00.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates power generation facilities in Canada and the United States. The company generates electricity from various energy sources, including natural and landfill gas, coal, wind, waste heat, solid fuels, and solar. It owns approximately 5,100 megawatts of power generation capacity.

Read More: Why do analysts give a neutral rating?

Insider Buying and Selling by Quarter for Capital Power (TSE:CPX)

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