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

Shares of Capital Power Co. (TSE:CPX) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$46.27.

Several equities analysts have recently commented on CPX shares. National Bankshares reduced their price objective on Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. ATB Capital dropped their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Thursday, February 29th. CIBC dropped their target price on Capital Power from C$44.00 to C$43.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Finally, Scotiabank dropped their target price on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, January 17th.

Capital Power Price Performance

Shares of Capital Power stock opened at C$36.12 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.55 and a debt-to-equity ratio of 153.08. The firm has a market capitalization of C$4.56 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The business’s 50-day moving average price is C$37.52 and its 200-day moving average price is C$37.42. Capital Power has a 12 month low of C$35.11 and a 12 month high of C$46.73.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.72 by C$0.02. The firm had revenue of C$984.00 million for the quarter. Capital Power had a return on equity of 26.11% and a net margin of 18.29%. Sell-side analysts forecast that Capital Power will post 3.1532468 EPS for the current fiscal year.

Capital Power Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend is Wednesday, March 27th. Capital Power’s dividend payout ratio (DPR) is currently 40.73%.

Insiders Place Their Bets

In other news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. Company 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.