Capital Power (TSE:CPX) Sets New 52-Week High at $48.89

Capital Power Co. (TSE:CPX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$48.89 and last traded at C$48.88, with a volume of 52183 shares trading hands. The stock had previously closed at C$48.55.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CPX shares. ATB Capital raised their price target on shares of Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. TD Securities increased their target price on shares of Capital Power from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets increased their target price on shares of Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. Scotiabank boosted their price objective on Capital Power from C$43.00 to C$46.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, National Bankshares upped their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$46.44.

Capital Power Trading Down 1.3 %

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 stock has a market capitalization of C$6.23 billion, a PE ratio of 9.62, a P/E/G ratio of 0.91 and a beta of 0.63. The stock has a 50 day moving average price of C$43.29 and a 200-day moving average price of C$39.96.

Capital Power (TSE:CPX) last announced its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The firm had revenue of C$774.00 million during the quarter. Sell-side analysts expect that Capital Power Co. will post 2.8198643 earnings per share for the current year.

Capital Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a dividend yield of 5.44%. The ex-dividend date is Monday, September 30th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. 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.