Atb Cap Markets Comments on Capital Power FY2024 Earnings

Capital Power Co. (TSE:CPX) – Equities research analysts at Atb Cap Markets reduced their FY2024 earnings estimates for Capital Power in a research note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $6.40 per share for the year, down from their prior forecast of $6.49. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $3.00 EPS.

CPX has been the subject of several other research reports. BMO Capital Markets increased their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. National Bankshares boosted their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada decreased their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. CIBC raised their price objective 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. Finally, ATB Capital boosted their target price on Capital Power from C$57.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Capital Power presently has a consensus rating of “Hold” and a consensus target price of C$61.22.

Capital Power Price Performance

Shares of CPX opened at C$63.15 on Friday. 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’s 50 day moving average is C$57.79 and its two-hundred day moving average is C$48.21. The firm has a market capitalization of C$8.21 billion, a PE ratio of 12.50, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.13%. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Activity at Capital Power

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 shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. 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.