Capital Power (TSE:CPX) Sets New 1-Year High at $25.57

Capital Power Co. (TSE:CPX) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$25.57 and last traded at C$35.78, with a volume of 99073 shares. The stock had previously closed at C$35.93.

Analyst Ratings Changes

CPX has been the subject of a number of research reports. National Bankshares cut their target price on shares of Capital Power from C$48.00 to C$45.00 in a research note on Wednesday, January 17th. ATB Capital cut their price target on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Royal Bank of Canada dropped their target price on shares of Capital Power from C$42.00 to C$41.00 and set a “sector perform” rating on the stock in a report on Thursday, February 29th. Scotiabank dropped their price objective on shares of Capital Power from C$47.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 17th. Finally, CIBC reduced their price objective on shares of Capital Power from C$43.00 to C$40.00 and set a “neutral” rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$46.00.

Capital Power Trading Down 0.5 %

The company has a market capitalization of C$4.54 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 0.91 and a beta of 0.57. The stock’s 50 day moving average is C$37.52 and its two-hundred day moving average is C$37.42. The company has a quick ratio of 0.55, a current ratio of 1.29 and a debt-to-equity ratio of 153.08.

Capital Power (TSE:CPX) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, sell-side analysts predict that Capital Power Co. will post 3.1532468 EPS for the current fiscal year.

Capital Power Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.615 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.46 annualized dividend and a dividend yield of 6.84%. Capital Power’s dividend payout ratio is presently 40.73%.

Insider Buying and Selling

In other Capital Power news, Senior Officer Jacquelyn Marie Pylypiuk sold 5,209 shares of Capital Power stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$39.22, for a total value of C$204,296.98. Corporate 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.