FY2024 EPS Estimates for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – Analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued to clients and investors on Wednesday, November 27th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.43 for the year, up from their previous forecast of $4.42. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

CPX has been the subject of a number of other research reports. Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$46.00 to C$60.00 in a report on Thursday, October 31st. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their price objective on Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. ATB Capital raised their target price on Capital Power from C$55.00 to C$57.00 in a research report on Wednesday, November 27th. Finally, TD Securities upped their price target on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$55.33.

Capital Power Price Performance

Shares of CPX opened at C$60.12 on Monday. The business has a 50-day simple moving average of C$54.59 and a two-hundred day simple moving average of C$46.15. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$64.39. The stock has a market cap of C$7.81 billion, a PE ratio of 11.90, a PEG ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insiders Place Their Bets

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. In the last three months, insiders have sold 6,300 shares of company stock worth $317,981. Corporate 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.