Capital Power Co. (TSE:CPX) Given Consensus Recommendation of “Hold” by Brokerages

Capital Power Co. (TSE:CPX) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$55.11.

A number of brokerages have recently commented on CPX. TD Securities increased their price objective on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Royal Bank of Canada lowered their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a report on Thursday, October 31st. National Bankshares boosted their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. CIBC raised their target price on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Finally, Atb Cap Markets downgraded shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Capital Power Trading Up 0.8 %

Capital Power stock opened at C$61.07 on Monday. Capital Power has a one year low of C$33.90 and a one year high of C$61.64. The company’s fifty day moving average price is C$52.60 and its two-hundred day moving average price is C$44.91. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The company has a market capitalization of C$7.94 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The business also recently disclosed 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 yield of 4.27%. Capital Power’s dividend payout ratio is presently 51.68%.

Insider Transactions at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s 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 value of C$308,355.00. In the last ninety days, insiders sold 6,300 shares of company stock worth $317,981. 0.17% of the stock is currently owned by company 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.