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

Shares of Capital Power Co. (TSE:CPX) have been given an average rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$62.78.

Several research firms have recently weighed in on CPX. TD Securities lifted their target price on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. National Bankshares lifted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Royal Bank of Canada decreased their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, ATB Capital upped their price target on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 18th.

Capital Power Stock Up 0.8 %

Capital Power stock opened at C$64.02 on Friday. The business’s 50-day moving average price is C$58.60 and its 200 day moving average price is C$48.74. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The firm has a market cap of C$8.32 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

Insider Buying and Selling

In related 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. 0.17% of the stock is owned by company insiders.

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.