Capital Power Co. (TSE:CPX) Plans $0.62 Quarterly Dividend

Capital Power Co. (TSE:CPX) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.615 per share on Wednesday, July 31st. This represents a $2.46 annualized dividend and a dividend yield of 6.84%. The ex-dividend date is Friday, June 28th.

Capital Power Stock Performance

TSE CPX traded up C$0.41 during trading hours on Thursday, reaching C$35.94. The stock had a trading volume of 40,155 shares, compared to its average volume of 425,939. The stock has a fifty day moving average of C$37.36 and a 200 day moving average of C$37.30. The stock has a market cap of C$4.54 billion, a P/E ratio of 5.88, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The company has a debt-to-equity ratio of 153.08, a quick ratio of 0.55 and a current ratio of 1.29.

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

Insider Buying and Selling

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$39.22, for a total transaction of C$204,296.98. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CPX. Royal Bank of Canada decreased their target price on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 29th. Raymond James decreased their target price on Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research report on Thursday, April 25th. Desjardins decreased their target price on Capital Power from C$51.00 to C$49.00 and set a “buy” rating on the stock in a research report on Tuesday. Scotiabank reduced their price objective on Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Finally, ATB Capital reduced their price objective on Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$45.73.

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.