Capital Power Co. (TSE:CPX) Declares $0.65 Quarterly Dividend

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

Capital Power Trading Up 7.7 %

Shares of TSE:CPX opened at C$54.30 on Thursday. The stock has a market capitalization of C$7.06 billion, a PE ratio of 10.75, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$54.60. The firm has a fifty day moving average price of C$47.81 and a 200 day moving average price of C$42.18. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPX shares. Desjardins upped their price target on shares of Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. National Bankshares upped their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Royal Bank of Canada upped 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 report on Thursday, August 1st. Atb Cap Markets upgraded shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. Finally, TD Securities upped 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 report on Tuesday. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$47.44.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Over the last 90 days, insiders sold 6,400 shares of company stock valued at $322,274. 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.