Insider Selling: Boralex Inc. (BLX) Director Sells C$44,800.00 in Stock
Boralex Inc. (TSE:BLX) Director Michelle Samson-Doel sold 2,000 shares of Boralex stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of C$22.40, for a total value of C$44,800.00.
Michelle Samson-Doel also recently made the following trade(s):
- On Wednesday, August 30th, Michelle Samson-Doel sold 10,000 shares of Boralex stock. The stock was sold at an average price of C$21.90, for a total value of C$219,000.00.
- On Tuesday, August 22nd, Michelle Samson-Doel sold 1,400 shares of Boralex stock. The stock was sold at an average price of C$22.05, for a total value of C$30,870.00.
- On Wednesday, August 16th, Michelle Samson-Doel sold 2,000 shares of Boralex stock. The stock was sold at an average price of C$22.10, for a total value of C$44,200.00.
- On Tuesday, August 15th, Michelle Samson-Doel sold 4,000 shares of Boralex stock. The stock was sold at an average price of C$22.00, for a total value of C$88,000.00.
Boralex Inc. (TSE BLX) opened at 22.11 on Thursday. The firm’s market capitalization is $1.68 billion. Boralex Inc. has a one year low of $16.06 and a one year high of $23.00. The firm has a 50-day moving average price of $22.03 and a 200 day moving average price of $21.61.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Thursday, August 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.71%. This is a boost from Boralex’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, August 29th.
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Several brokerages recently issued reports on BLX. BMO Capital Markets lifted their price objective on Boralex from C$24.50 to C$25.00 in a research report on Friday, September 8th. CIBC cut their price objective on Boralex from C$25.00 to C$24.50 in a research report on Thursday, August 17th. Six investment analysts have rated the stock with a buy rating, Boralex currently has an average rating of “Buy” and an average target price of C$24.21.
Boralex Inc is a power producer that develops, constructs and operates renewable energy power stations. The Company’s segments include wind, hydroelectric, thermal and solar. It operates an asset base with a capacity of approximately 1,260 megawatts (MW), of which over 1,090 MW are under its control, consisting of approximately 490 MW in Canada, over 520 MW in France and over 80 MW in the Northeastern United States.
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