Capital Power Co. (TSE:CPX - Free Report) - Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Capital Power in a research note issued on Tuesday, December 17th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $6.40 per share for the year, down from their previous estimate of $6.49. Atb Cap Markets currently has a "Hold" rating on the stock. The consensus estimate for Capital Power's current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power's Q4 2024 earnings at $3.00 EPS.
CPX has been the topic of a number of other reports. Scotiabank lifted their target price on Capital Power from C$66.00 to C$69.00 and gave the stock an "outperform" rating in a report on Wednesday. TD Securities lifted their price objective on shares of Capital Power from C$61.00 to C$70.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Royal Bank of Canada cut their target price on shares of Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating for the company in a research note on Thursday, October 31st. ATB Capital lifted their price target on shares of Capital Power from C$57.00 to C$63.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, National Bankshares increased their price objective on Capital Power from C$56.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$61.22.
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Capital Power Price Performance
Shares of CPX stock traded up C$0.55 during mid-day trading on Friday, hitting C$63.15. 1,087,008 shares of the stock traded hands, compared to its average volume of 499,640. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. 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's 50-day simple moving average is C$57.79 and its 200-day simple moving average is C$48.21. The firm has a market cap of C$8.21 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.
Capital Power Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Tuesday, December 31st. Capital Power's dividend payout ratio (DPR) is presently 51.68%.
Insider Buying and Selling
In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. 0.17% of the stock is owned by corporate insiders.
About Capital Power
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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.
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