Capital Power Co. (CPX) To Go Ex-Dividend on December 31st

Capital Power Co. (TSE:CPX) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.652 per share on Friday, January 31st. This represents a $2.61 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Tuesday, December 31st.

Capital Power Stock Up 7.7 %

TSE CPX opened at C$54.30 on Thursday. The business has a fifty day moving average price of C$47.81 and a two-hundred day moving average price of C$42.18. The stock has a market capitalization of C$7.06 billion, a PE ratio of 10.75, a PEG ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$54.60.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The company had revenue of C$774.00 million during the quarter. Capital Power had a net margin of 16.77% and a return on equity of 19.49%. Equities analysts expect that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPX has been the topic of a number of research analyst reports. Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. BMO Capital Markets raised their price target on shares of Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Royal Bank of Canada raised their price target on shares of Capital Power from C$39.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Thursday, August 1st. TD Securities raised their price target on shares of Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, CIBC increased their price objective on shares of Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$47.44.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders sold a total of 6,400 shares of company stock worth $322,274 in the last quarter. Insiders own 0.17% of the company’s stock.

About Capital Power

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.