FY2024 EPS Estimates for Capital Power Lifted by Analyst

Capital Power Co. (TSE:CPX - Free Report) - Equities research analysts at National Bank Financial raised their FY2024 earnings per share estimates for shares of Capital Power in a research report issued on Tuesday, December 17th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $4.46 per share for the year, up from their previous estimate of $4.43. The consensus estimate for Capital Power's current full-year earnings is $2.82 per share.

A number of other research firms also recently commented on CPX. CIBC increased 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 report on Thursday, October 31st. Royal Bank of Canada dropped their price objective 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. Atb Cap Markets downgraded Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. ATB Capital upped their target price on 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, BMO Capital Markets lifted their price target on Capital Power from C$56.00 to C$68.00 and gave the stock a "market perform" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of C$61.22.

Capital Power Stock Down 0.3 %

Capital Power stock traded down C$0.16 during mid-day trading on Thursday, hitting C$62.60. The company had a trading volume of 802,979 shares, compared to its average volume of 497,252. The stock has a market cap of C$8.13 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.91 and a beta of 0.64. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$68.73. The business has a fifty day moving average of C$57.29 and a 200 day moving average of C$47.86.

Capital Power Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.17%. Capital Power's dividend payout ratio (DPR) is currently 51.68%.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Corporate insiders own 0.17% of the company's stock.

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.