ATB Capital Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price raised by ATB Capital from C$52.00 to C$55.00 in a report published on Thursday, BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

CPX has been the topic of several other research reports. CIBC increased their price target on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a report on Thursday. Desjardins increased 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. Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$46.00 to C$60.00 in a report on Thursday. National Bankshares upped their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 26th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Trading Down 2.1 %

Shares of TSE CPX opened at C$55.30 on Thursday. The stock has a market capitalization of C$7.19 billion, a P/E ratio of 10.95, a PEG ratio of 0.91 and a beta of 0.64. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$56.82. The business’s 50 day moving average is C$48.54 and its two-hundred day moving average is C$42.53. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55.

Capital Power Announces Dividend

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

Insiders Place Their Bets

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 stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders have sold 6,400 shares of company stock worth $322,274 in the last ninety days. 0.17% of the stock is owned by company 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.