Capital Power (TSE:CPX) Share Price Crosses Below Two Hundred Day Moving Average of $37.54

Capital Power Co. (TSE:CPX - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.54 and traded as low as C$36.82. Capital Power shares last traded at C$37.08, with a volume of 342,748 shares.

Analyst Ratings Changes

Several brokerages have commented on CPX. ATB Capital dropped their price objective 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. 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. CIBC decreased their price objective on shares of Capital Power from C$44.00 to C$43.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. Desjardins dropped their target price on shares of Capital Power from C$53.00 to C$51.00 and set a "buy" rating on the stock in a research report on Tuesday, December 12th. Finally, Scotiabank reduced 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 research report on Wednesday, January 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of C$46.27.

Capital Power Stock Performance

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 has a market capitalization of C$4.65 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 0.91 and a beta of 0.57. The firm has a 50-day simple moving average of C$37.59 and a two-hundred day simple moving average of C$37.54.

Capital Power (TSE:CPX - Get Free Report) last posted 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. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The business had revenue of C$984.00 million during the quarter. On average, sell-side analysts anticipate that Capital Power Co. will post 3.0903766 EPS for the current fiscal year.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.615 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 annualized dividend and a yield of 6.68%. Capital Power's payout ratio is 40.73%.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power 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. 0.17% of the stock is owned by corporate 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.