Brokerages Set Capital Power Co. (TSE:CPX) PT at C$55.11

Capital Power Co. (TSE:CPX) has been assigned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings 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 price objective among brokerages that have covered the stock in the last year is C$55.33.

A number of equities research analysts recently commented on the company. ATB Capital boosted their target price on Capital Power from C$55.00 to C$57.00 in a research report on Wednesday. BMO Capital Markets upped their price objective on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Royal Bank of Canada cut their target price on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. Desjardins boosted their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, CIBC increased their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Buying and Selling 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 stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders have sold 6,300 shares of company stock worth $317,981 over the last quarter. Insiders own 0.17% of the company’s stock.

Capital Power Stock Up 1.1 %

CPX opened at C$62.59 on Monday. The company has a market capitalization of C$8.13 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The firm has a 50-day simple moving average of C$53.21 and a two-hundred day simple moving average of C$45.27. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. Capital Power has a 52 week low of C$33.90 and a 52 week high of C$64.39.

Capital Power Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.17%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

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.