Power Co. of Canada (POW) Insider Sells C$828,602.50 in Stock
Power Co. of Canada (TSE:POW) insider Stéphane Lemay sold 25,975 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$31.90, for a total transaction of C$828,602.50.
Power Co. of Canada (POW) traded up 0.25% during midday trading on Thursday, hitting $31.99. 175,915 shares of the stock traded hands. The company’s 50-day moving average is $30.82 and its 200-day moving average is $30.43. Power Co. of Canada has a one year low of $27.84 and a one year high of $32.49. The company has a market cap of $14.82 billion and a PE ratio of 10.87.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.359 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.50%. This is a positive change from Power Co. of Canada’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, September 7th.
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A number of brokerages have recently issued reports on POW. Royal Bank Of Canada restated a “sector perform” rating on shares of Power Co. of Canada in a report on Wednesday, June 28th. Barclays PLC lifted their target price on shares of Power Co. of Canada from C$32.00 to C$33.00 in a report on Tuesday, August 1st.
About Power Co. of Canada
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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