Capital Power Co. (TSE:CPX) Declares Quarterly Dividend of $0.62

Capital Power Co. (TSE:CPX - Get Free Report) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.615 per share on Wednesday, July 31st. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Friday, June 28th.

Capital Power Stock Performance

Shares of Capital Power stock traded up C$0.32 during trading on Thursday, reaching C$35.85. The company's stock had a trading volume of 393,662 shares, compared to its average volume of 430,392. The company has a 50-day moving average price of C$37.36 and a two-hundred day moving average price of C$37.30. The firm has a market cap of C$4.53 billion, a PE ratio of 5.92, a P/E/G ratio of 0.91 and a beta of 0.57. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$46.73. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08.

Capital Power (TSE:CPX - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating analysts' consensus estimates of C$0.72 by C$0.02. The business had revenue of C$984.00 million for the quarter. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. On average, analysts forecast that Capital Power will post 3.1532468 EPS for the current year.

Analyst Ratings Changes

CPX has been the topic of a number of recent research reports. Scotiabank cut their target price on shares of Capital Power from C$45.00 to C$40.00 and set a "sector perform" rating on the stock in a report on Thursday. CIBC dropped their price objective on shares of Capital Power from C$40.00 to C$39.00 and set a "neutral" rating on the stock in a research note on Thursday. National Bankshares dropped their price objective on shares of Capital Power from C$45.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Thursday. TD Securities dropped their price objective on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday. Finally, Desjardins dropped their price objective on shares of Capital Power from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital Power presently has a consensus rating of "Hold" and a consensus target price of C$44.45.

Insiders Place Their Bets

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