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

Shares of Capital Power Co. (TSE:CPX) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the stock, MarketBeat reports. Six investment 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 brokerages that have updated their coverage on the stock in the last year is C$55.11.

A number of equities research analysts have recently issued reports on CPX shares. BMO Capital Markets increased their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. National Bankshares increased their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. CIBC boosted their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. TD Securities increased their price objective on Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, ATB Capital boosted their target price on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 31st.

Capital Power Stock Performance

Shares of CPX opened at C$57.27 on Thursday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$59.44. The stock’s 50-day simple moving average is C$49.37 and its 200 day simple moving average is C$43.00. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The stock has a market capitalization of C$7.44 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.55%. Capital Power’s dividend payout ratio is 51.68%.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold a total of 6,300 shares of company stock valued at $317,981 over the last quarter. 0.17% of the stock is owned by corporate insiders.

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.