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

Capital Power Co. (TSE:CPX - Get Free Report) has received an average rating of "Hold" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$44.45.

Several equities analysts recently commented on CPX shares. ATB Capital dropped their target price on Capital Power from C$42.00 to C$41.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 17th. Scotiabank decreased their price objective on shares of Capital Power from C$45.00 to C$40.00 and set a "sector perform" rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada decreased their price objective on shares of Capital Power from C$41.00 to C$39.00 and set a "sector perform" rating for the company in a research note on Thursday, May 2nd. Desjardins cut their price target on shares of Capital Power from C$51.00 to C$49.00 and set a "buy" rating for the company in a report on Tuesday, April 30th. Finally, BMO Capital Markets dropped their target price on shares of Capital Power from C$40.00 to C$38.00 and set a "market perform" rating for the company in a report on Thursday, May 2nd.

Capital Power Stock Up 0.1 %

Shares of CPX traded up C$0.05 during midday trading on Thursday, hitting C$37.19. 519,846 shares of the company's stock traded hands, compared to its average volume of 427,864. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$46.73. The firm's fifty day moving average is C$37.23 and its 200-day moving average is C$37.27. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The stock has a market capitalization of C$4.80 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The firm had revenue of C$984.00 million during the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. As a group, sell-side analysts anticipate that Capital Power will post 3.2094897 earnings per share for the current year.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power's dividend payout ratio (DPR) is presently 40.73%.

Insider Activity

In related news, Senior Officer Bryan Deneve purchased 5,000 shares of Capital Power stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of C$35.80 per share, with a total value of C$179,005.00. In other Capital Power news, Senior Officer Bryan Deneve bought 5,000 shares of the company's stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of C$35.80 per share, for a total transaction of C$179,005.00. Also, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Company 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.