Capital Power (TSE:CPX) Reaches New 12-Month High at $25.57

Capital Power Co. (TSE:CPX - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$25.57 and last traded at C$35.78, with a volume of 99073 shares traded. The stock had previously closed at C$35.93.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CPX shares. National Bankshares decreased their target price on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. CIBC cut their price target on shares of Capital Power from C$44.00 to C$43.00 and set a "neutral" rating for the company in a report on Wednesday, January 24th. Scotiabank cut their price target on shares of Capital Power from C$47.00 to C$45.00 and set a "sector perform" rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada cut their price target on shares of Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating for the company in a report on Thursday, February 29th. Finally, ATB Capital cut their price target on shares of Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating for the company in a report on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Capital Power currently has a consensus rating of "Hold" and a consensus target price of C$46.27.

Capital Power Stock Performance

The firm has a market cap of C$4.53 billion, a P/E ratio of 5.94, a P/E/G ratio of 0.91 and a beta of 0.57. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29. The company's 50 day moving average is C$37.52 and its 200 day moving average is C$37.43.

Capital Power (TSE:CPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The firm had revenue of C$984.00 million during the quarter. As a group, equities analysts predict that Capital Power Co. will post 3.1532468 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power's dividend payout ratio (DPR) is currently 40.73%.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the company's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. Corporate insiders own 0.17% of the company's stock.

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.