Capital Power (TSE:CPX) Cut to “Hold” at Atb Cap Markets

Atb Cap Markets lowered shares of Capital Power (TSE:CPX) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports. Atb Cap Markets also issued estimates for Capital Power’s Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $4.38 EPS.

A number of other research firms have also commented on CPX. Desjardins upped their price target on shares of Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday. TD Securities upped their price target on shares of Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday. Royal Bank of Canada lowered 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. Finally, Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$46.00 to C$60.00 in a report on Thursday. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capital Power has an average rating of “Hold” and an average target price of C$55.11.

Capital Power Trading Down 2.1 %

CPX stock opened at C$55.30 on Wednesday. The company has a market capitalization of C$7.19 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. Capital Power has a one year low of C$33.90 and a one year high of C$56.82. The company’s 50 day moving average price is C$48.30 and its two-hundred day moving average price is C$42.40. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

Capital Power (TSE:CPX) last posted 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). Capital Power had a net margin of 16.77% and a return on equity of 19.49%. The firm had revenue of C$774.00 million for the quarter. As a group, analysts predict that Capital Power will post 2.8197088 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last ninety days, insiders have sold 6,400 shares of company stock valued at $322,274. 0.17% of the stock is owned by insiders.

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.