Power Co. of Canada (TSE:POW) insider Arnaud Vial sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of C$33.00, for a total value of C$330,000.00.

Arnaud Vial also recently made the following trade(s):

  • On Tuesday, December 5th, Arnaud Vial sold 2,500 shares of Power Co. of Canada stock. The shares were sold at an average price of C$32.80, for a total transaction of C$82,000.00.

Shares of Power Co. of Canada (TSE POW) traded up C$0.12 during midday trading on Wednesday, hitting C$32.93. 848,300 shares of the company were exchanged, compared to its average volume of 765,590. Power Co. of Canada has a fifty-two week low of C$28.40 and a fifty-two week high of C$33.69.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors 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 dividend yield of 4.35%. The ex-dividend date is Thursday, December 7th. Power Co. of Canada’s dividend payout ratio is currently 42.03%.

A number of equities research analysts recently weighed in on POW shares. Barclays lifted their price objective on shares of Power Co. of Canada from C$33.00 to C$35.00 in a research note on Tuesday, November 7th. Desjardins lifted their price objective on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research note on Monday, December 4th. BMO Capital Markets lifted their price objective on shares of Power Co. of Canada from C$35.00 to C$36.00 in a research note on Monday, November 13th. Finally, Royal Bank of Canada lifted their price objective on shares of Power Co. of Canada from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Monday, November 13th.

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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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