Capital Power Co. (TSE:CPX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Capital Power Co. (TSE:CPX) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$46.44.

A number of brokerages have weighed in on CPX. Desjardins boosted their target price on shares of Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. CIBC upped their price objective on Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. National Bankshares raised their target price on Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets upped their price target on shares of Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Finally, Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th.

Insiders Place Their Bets

In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power 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. In the last quarter, insiders sold 6,400 shares of company stock worth $322,274. Corporate insiders own 0.17% of the company’s stock.

Capital Power Price Performance

TSE CPX opened at C$50.36 on Friday. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market capitalization of C$6.54 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.91 and a beta of 0.63. The stock has a 50-day moving average of C$46.15 and a 200 day moving average of C$41.27. Capital Power has a one year low of C$33.90 and a one year high of C$50.92.

Capital Power (TSE:CPX) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The company had revenue of C$774.00 million during the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. On average, sell-side analysts forecast that Capital Power will post 2.8211658 EPS for the current year.

Capital Power Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.652 per share. This is a boost from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.18%. 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.