Insider Selling: Power Co. of Canada (POW) Insider Sells C$330,000.00 in Stock

Power Co. of Canada (TSE:POW) insider Arnaud Vial sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of C$33.00, for a total transaction 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 stock was sold at an average price of C$32.80, for a total transaction of C$82,000.00.

Power Co. of Canada (TSE POW) opened at C$32.40 on Friday. Power Co. of Canada has a one year low of C$28.40 and a one year high of C$33.69. The company has a market cap of $13,530.00, a PE ratio of 9.82 and a beta of 0.65.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.3585 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.43%. Power Co. of Canada’s dividend payout ratio is 42.03%.

POW has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Power Co. of Canada from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Monday, November 13th. Barclays upped their target price on shares of Power Co. of Canada from C$33.00 to C$35.00 in a research note on Tuesday, November 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$35.00 target price on shares of Power Co. of Canada in a research note on Wednesday, November 8th. Finally, Desjardins upped their target price on shares of Power Co. of Canada from C$34.00 to C$35.00 in a research note on Monday, December 4th.

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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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