Capital Power Co. (TSE:CPX) Given Consensus Rating of "Hold" by Brokerages

Shares of Capital Power Co. (TSE:CPX - Get Free Report) have earned a consensus rating of "Hold" from the ten analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$61.22.

CPX has been the topic of several research reports. Desjardins upped their price target on Capital Power from C$60.00 to C$64.00 and gave the company a "buy" rating in a research report on Wednesday. BMO Capital Markets increased their target price on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a "market perform" rating in a report on Wednesday. Scotiabank lifted their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a report on Wednesday. ATB Capital boosted their price objective on shares of Capital Power from C$57.00 to C$63.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, National Bankshares raised their target price on shares of Capital Power from C$56.00 to C$65.00 and gave the stock an "outperform" rating in a report on Wednesday.

Insider Buying and Selling at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power 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. 0.17% of the stock is owned by company insiders.

Capital Power Stock Up 0.9 %

TSE CPX traded up C$0.55 on Friday, hitting C$63.15. 1,087,008 shares of the stock traded hands, compared to its average volume of 499,640. 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 50-day moving average of C$57.53 and a 200 day moving average of C$48.03. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$68.73. The company has a market capitalization of C$8.21 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Tuesday, December 31st. Capital Power's dividend payout ratio (DPR) 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.