Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Capital Power Co. (TSE:CPX) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$55.11.

Several equities analysts recently commented on the stock. Scotiabank raised shares of Capital Power from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$46.00 to C$60.00 in a research note on Thursday, October 31st. National Bankshares increased their price target on Capital Power from C$47.00 to C$56.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada cut their price objective on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. Atb Cap Markets cut Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, CIBC lifted their price target on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st.

Insider Activity at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Over the last 90 days, insiders sold 6,300 shares of company stock valued at $317,981. Corporate insiders own 0.17% of the company’s stock.

Capital Power Price Performance

Shares of TSE:CPX opened at C$61.07 on Monday. The firm has a 50 day moving average of C$52.60 and a 200-day moving average of C$44.91. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$61.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The stock has a market capitalization of C$7.94 billion, a PE ratio of 12.09, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is presently 51.68%.

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.