Yaupon Capital Management LP Buys New Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Yaupon Capital Management LP has invested approximately $11.85 million in Canadian Pacific Kansas City Limited (NYSE: CP) by acquiring 168,771 shares during the first quarter.
• Canadian Pacific recently reported earnings per share of $0.81 for the latest quarter, which was below the analysts' expectations of $0.82, with revenues of $2.72 billion.
• The company has increased its quarterly dividend to $0.1651, representing an annual yield of 0.9%, with a payout ratio of 20.56%.

Yaupon Capital Management LP bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 168,771 shares of the transportation company's stock, valued at approximately $11,849,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Canadian Pacific Kansas City by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company's stock valued at $74,807,000 after acquiring an additional 31,508 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 70.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company's stock worth $421,000 after buying an additional 2,467 shares during the period. CX Institutional bought a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $61,000. Janney Montgomery Scott LLC boosted its holdings in Canadian Pacific Kansas City by 28.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company's stock worth $7,106,000 after buying an additional 22,606 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Canadian Pacific Kansas City by 1.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 28,676 shares of the transportation company's stock worth $2,012,000 after purchasing an additional 290 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.8%

NYSE:CP traded down $0.57 during mid-day trading on Friday, hitting $75.14. 1,571,004 shares of the company's stock were exchanged, compared to its average volume of 2,658,295. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market cap of $68.14 billion, a PE ratio of 23.41, a P/E/G ratio of 2.12 and a beta of 1.06. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The business has a fifty day moving average price of $76.51 and a 200 day moving average price of $76.40.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.05 earnings per share. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio is presently 20.25%.

Analysts Set New Price Targets

Several analysts have issued reports on CP shares. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Stephens raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Susquehanna reiterated a "positive" rating and issued a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.30.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.