Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Hold” from Analysts

Shares of Capital Power Co. (TSE:CPX) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$44.45.

A number of equities analysts recently weighed in on CPX shares. BMO Capital Markets cut their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Desjardins lowered their price target on Capital Power from C$51.00 to C$49.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. ATB Capital decreased their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. TD Securities dropped their price target on Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. Finally, CIBC reduced their price target on Capital Power from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction of C$204,296.98. Also, Senior Officer Bryan Deneve purchased 5,000 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of C$35.80 per share, for a total transaction of C$179,005.00. Insiders own 0.17% of the company’s stock.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$37.14 on Thursday. The stock has a market cap of C$4.80 billion, a price-to-earnings ratio of 6.15, a P/E/G ratio of 0.91 and a beta of 0.57. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$46.73. The company’s fifty day moving average is C$37.23 and its 200 day moving average is C$37.27. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. The company had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. Sell-side analysts forecast that Capital Power will post 3.2094897 EPS for the current year.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is 40.73%.

Capital Power Company Profile

Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States. It generates electricity from various energy sources, including wind, solar, waste heat, natural gas, and coal. The company owns an approximately 7,500 megawatts (MW) of power generation capacity at 29 facilities.