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

Shares of Capital Power Co. (TSE:CPX) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$55.33.

A number of research firms recently issued reports on CPX. National Bankshares increased their target price on Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. ATB Capital boosted their price objective on shares of Capital Power from C$55.00 to C$57.00 in a research report on Wednesday, November 27th. Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$46.00 to C$60.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada cut their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st.

Capital Power Stock Up 0.4 %

Shares of Capital Power stock opened at C$62.28 on Monday. The company has a market capitalization of C$8.09 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The business has a 50-day moving average of C$54.09 and a two-hundred day moving average of C$45.82. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$64.39.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.19%. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

Insider Buying and Selling at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders sold a total of 6,300 shares of company stock worth $317,981 over the last ninety days. 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.