Power Co. of Canada (TSE:POW) insider Arnaud Vial acquired 3,473 shares of the stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of C$28.71 per share, for a total transaction of C$99,709.83.

Shares of Power Co. of Canada (TSE:POW) traded up 0.59% during mid-day trading on Friday, hitting $29.05. 66,181 shares of the stock traded hands. The firm’s 50 day moving average price is $30.92 and its 200-day moving average price is $30.68. The stock has a market cap of $13.47 billion and a P/E ratio of 12.50. Power Co. of Canada has a 12-month low of $26.63 and a 12-month high of $32.49.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a dividend of $0.3585 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.97%. This is a boost from Power Co. of Canada’s previous quarterly dividend of $0.34.

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Several brokerages have issued reports on POW. Barclays PLC raised their price objective on shares of Power Co. of Canada from C$29.00 to C$32.00 in a research report on Monday, March 20th. Desjardins raised their price objective on shares of Power Co. of Canada from C$32.00 to C$33.00 in a research report on Thursday, March 2nd. BMO Capital Markets reissued an “outperform” rating and set a C$35.00 price objective on shares of Power Co. of Canada in a research report on Thursday, April 27th. CIBC raised their price objective on shares of Power Co. of Canada from C$33.00 to C$34.00 in a research report on Tuesday, February 14th. Finally, Scotiabank reissued a “sector perform” rating and set a C$36.00 price objective on shares of Power Co. of Canada in a research report on Monday, March 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$33.57.

Power Co. of Canada Company Profile

Power Corporation of Canada is a diversified management and holding company. The Company has interest in the financial services, renewable energy, communications and other business sectors. Its principal asset is the controlling interest in Power Financial Corporation (Power Financial). Its segments are Great-West Lifeco Inc (Lifeco), IGM Financial Inc (IGM) and Pargesa Holding SA (Pargesa).

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