Insider Selling: Boralex Inc. (BLX) Director Sells 4,000 Shares of Stock
Boralex Inc. (TSE:BLX) Director Michelle Samson-Doel sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of C$22.00, for a total transaction of C$88,000.00.
Shares of Boralex Inc. (TSE BLX) traded up 0.91% on Tuesday, reaching $22.10. 136,430 shares of the company’s stock traded hands. The firm’s market cap is $1.68 billion. The stock has a 50-day moving average of $21.66 and a 200 day moving average of $21.32. Boralex Inc. has a 12-month low of $16.06 and a 12-month high of $23.00.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. This is an increase from Boralex’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, August 29th.
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Several equities analysts recently commented on BLX shares. CIBC boosted their price objective on shares of Boralex from C$24.50 to C$25.00 in a research note on Monday, July 24th. Royal Bank Of Canada boosted their price target on shares of Boralex from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Finally, TD Securities reissued a “buy” rating and issued a C$24.00 price target on shares of Boralex in a research note on Friday, May 5th. Seven investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$24.08.
Boralex Company Profile
Boralex Inc, together with its subsidiaries, develops, constructs, and operates renewable energy power facilities primarily in Canada, France, and the United States. As of December 31, 2016, the company had interests in 50 wind power stations with an installed capacity of 798 megawatts (MW); 15 hydroelectric power stations with a capacity of 156 MW; 2 thermal power stations with an installed capacity of 47 MW; and 3 solar power facilities with an installed capacity of 16 MW.
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