Capital Power (TSE:CPX) PT Lowered to C$45.00 at Raymond James

Capital Power (TSE:CPX) had its target price cut by Raymond James from C$46.00 to C$45.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Capital Power’s Q2 2024 earnings at $0.72 EPS, Q1 2025 earnings at $0.83 EPS, Q2 2025 earnings at $0.61 EPS, Q3 2025 earnings at $1.18 EPS, Q4 2025 earnings at $0.73 EPS and FY2025 earnings at $3.35 EPS.

Other equities research analysts have also recently issued reports about the stock. CIBC reduced their price target on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating for the company in a research report on Friday, April 19th. National Bankshares dropped their price objective on shares of Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. Scotiabank dropped their price objective on shares of Capital Power from C$47.00 to C$45.00 and set a sector perform rating on the stock in a research note on Wednesday, January 17th. ATB Capital dropped their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Capital Power from C$42.00 to C$41.00 and set a sector perform rating on the stock in a research note on Thursday, February 29th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capital Power currently has an average rating of Hold and an average target price of C$45.91.

Capital Power Price Performance

Shares of CPX opened at C$35.31 on Thursday. Capital Power has a 1-year low of C$35.11 and a 1-year high of C$46.73. The stock has a market cap of C$4.46 billion, a PE ratio of 5.85, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a current ratio of 1.29 and a quick ratio of 0.55. The firm has a fifty day moving average price of C$37.45 and a 200 day moving average price of C$37.36.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The firm had revenue of C$984.00 million during the quarter. As a group, sell-side analysts anticipate that Capital Power will post 3.1532468 EPS for the current year.

Capital Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s payout ratio is 40.73%.

Insider Activity at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company’s stock in a transaction that occurred 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. Insiders own 0.17% of the company’s stock.

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.