Atb Cap Markets Reduces Earnings Estimates for Capital Power

Capital Power Co. (TSE:CPX) – Equities researchers at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a research note issued to investors on Tuesday, December 17th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $6.40 per share for the year, down from their prior forecast of $6.49. Atb Cap Markets currently has a “Hold” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $3.00 EPS.

A number of other analysts have also recently commented on CPX. ATB Capital upped their price target on Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research note on Wednesday. Scotiabank upped their target price on shares of Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research note on Wednesday. TD Securities lifted their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada decreased their price target 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. Finally, BMO Capital Markets raised their price objective on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$61.22.

Capital Power Trading Down 0.3 %

TSE CPX opened at C$62.60 on Friday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$68.73. The stock has a 50-day simple moving average of C$57.53 and a 200 day simple moving average of C$48.03. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The company has a market capitalization of C$8.13 billion, a PE ratio of 12.40, a P/E/G ratio of 0.91 and a beta of 0.64.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Corporate insiders own 0.17% of the company’s stock.

Capital Power Announces Dividend

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

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.