Capital Power Co. (TSE:CPX) Given Consensus Recommendation of “Hold” by Brokerages

Capital Power Co. (TSE:CPX) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$61.22.

Several brokerages have recently issued reports on CPX. National Bankshares raised their price objective on Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday. CIBC increased their target price on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. Scotiabank raised their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$62.60 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company has a 50 day moving average price of C$57.53 and a 200 day moving average price of C$48.03. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$68.73. The firm has a market capitalization of C$8.13 billion, a P/E ratio of 12.40, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Corporate 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.