Capital Power (TSE:CPX) Shares Cross Above Two Hundred Day Moving Average of $37.35

Capital Power Co. (TSE:CPX - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$37.35 and traded as high as C$38.26. Capital Power shares last traded at C$38.21, with a volume of 598,361 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. TD Securities decreased their target price on shares of Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. Scotiabank lowered their target price on 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. BMO Capital Markets dropped their target price on 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. Desjardins decreased their price target on Capital Power from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada dropped their price objective on 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$44.45.

Capital Power Stock Performance

The company has a market cap of C$4.93 billion, a P/E ratio of 7.31, a P/E/G ratio of 0.91 and a beta of 0.58. The business has a fifty day moving average of C$37.12 and a 200 day moving average of C$37.36. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

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, topping the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. The business had revenue of C$984.00 million during the quarter. On average, equities analysts predict that Capital Power Co. will post 3.1612903 EPS for the current year.

Capital Power Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be given a $0.615 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.46 annualized dividend and a dividend yield of 6.44%. Capital Power's dividend payout ratio is 47.04%.

Insider Transactions at Capital Power

In related news, Senior Officer Bryan Deneve bought 5,000 shares of the company's stock in a transaction dated Friday, May 10th. The stock was purchased at an average cost of C$37.14 per share, with a total value of C$185,700.00. In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction dated Monday, March 25th. The shares were sold at an average price of C$39.22, for a total transaction of C$204,296.98. Also, Senior Officer Bryan Deneve purchased 5,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of C$37.14 per share, with a total value of C$185,700.00. 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.