Power Co. of Canada (TSE:POW) insider Arnaud Vial sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of C$32.80, for a total value of C$82,000.00.

Power Co. of Canada (POW) traded down C$0.17 during trading hours on Wednesday, reaching C$32.41. The company’s stock had a trading volume of 691,633 shares, compared to its average volume of 763,281. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.3585 per share. This represents a $1.43 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, December 7th. Power Co. of Canada’s dividend payout ratio (DPR) is 42.03%.

POW has been the topic of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on Power Co. of Canada from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. BMO Capital Markets reiterated an “outperform” rating and issued a C$35.00 price objective on shares of Power Co. of Canada in a report on Wednesday, November 8th. Desjardins upped their price objective on Power Co. of Canada from C$34.00 to C$35.00 in a report on Monday. Finally, Barclays upped their price objective on Power Co. of Canada from C$33.00 to C$35.00 in a report on Tuesday, November 7th.

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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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