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

Shares of Capital Power Co. (TSE:CPX) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$62.78.

A number of equities analysts have recently weighed in on the company. CIBC increased their price target on Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a report on Tuesday. Desjardins increased their target price on shares of Capital Power from C$60.00 to C$64.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. 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. TD Securities upped their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, BMO Capital Markets lifted their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the company a “market perform” rating in a report on Wednesday, December 18th.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Corporate insiders own 0.17% of the company’s stock.

Capital Power Trading Up 0.8 %

Shares of Capital Power stock opened at C$64.02 on Friday. The stock has a 50 day moving average of C$58.60 and a 200 day moving average of C$48.74. 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 firm has a market capitalization of C$8.32 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73.

Capital Power Dividend Announcement

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. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.07%. Capital Power’s dividend payout ratio (DPR) is 51.68%.

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.