Capital Power (TSE:CPX) Price Target Cut to C$47.00 by Analysts at TD Securities

Capital Power (TSE:CPX) had its price objective cut by TD Securities from C$49.00 to C$47.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the company. Raymond James decreased their price target on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note on Thursday, April 25th. National Bankshares dropped their target price on shares of Capital Power from C$48.00 to C$45.00 in a research report on Wednesday, January 17th. Desjardins decreased their price target on shares of Capital Power from C$51.00 to C$49.00 and set a buy rating for the company in a report on Tuesday, April 30th. CIBC dropped their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a neutral rating on the stock in a report on Friday, April 19th. Finally, ATB Capital reduced 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 research note on Wednesday, January 17th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Capital Power has an average rating of Hold and an average target price of C$44.45.

Capital Power Stock Up 0.6 %

Shares of Capital Power stock opened at C$36.05 on Thursday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$46.73. The firm’s 50 day moving average price is C$37.30 and its 200-day moving average price is C$37.27. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08. The company has a market cap of C$4.66 billion, a P/E ratio of 5.97, a PEG ratio of 0.91 and a beta of 0.57.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.72 by C$0.02. Capital Power had a net margin of 18.29% and a return on equity of 26.11%. The business had revenue of C$984.00 million for the quarter. On average, sell-side analysts predict that Capital Power will post 3.2094897 EPS for the current fiscal year.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 6.82%. The ex-dividend date is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is 40.73%.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of C$39.22, for a total value of C$204,296.98. 0.17% of the stock is currently owned by corporate insiders.

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.