Capital Power Co. (CPX) to Issue Quarterly Dividend of $0.65 on January 31st

Capital Power Co. (TSE:CPX) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.652 per share on Friday, January 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, December 31st.

Capital Power Trading Up 0.4 %

Shares of Capital Power stock opened at C$64.25 on Friday. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$68.73. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market capitalization of C$8.35 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a fifty day moving average of C$59.13 and a 200 day moving average of C$49.09.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction dated Friday, October 4th. The shares were 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.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CPX shares. BMO Capital Markets increased their target price 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, December 18th. National Bankshares increased their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank raised their target price 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, December 18th. Finally, CIBC lifted their price target on shares of Capital Power from C$54.00 to C$68.00 and gave the company a “neutral” rating in a report on Tuesday, December 24th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$62.78.

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.