Capital Power (TSE:CPX) Hits New 1-Year High - Here's What Happened

Capital Power Co. (TSE:CPX - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$56.89 and last traded at C$56.89, with a volume of 125801 shares changing hands. The stock had previously closed at C$55.66.

Wall Street Analysts Forecast Growth

CPX has been the subject of a number of research analyst reports. Atb Cap Markets lowered Capital Power from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. National Bankshares increased their price objective on Capital Power from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. ATB Capital increased their price objective on Capital Power from C$52.00 to C$55.00 and gave the stock a "sector perform" rating in a report on Thursday, October 31st. BMO Capital Markets increased their price objective on Capital Power from C$47.00 to C$56.00 and gave the stock a "market perform" rating in a report on Thursday, October 31st. Finally, TD Securities increased their price objective on Capital Power from C$48.00 to C$57.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Capital Power currently has an average rating of "Hold" and a consensus target price of C$55.11.

Capital Power Trading Up 4.9 %

The company has a fifty day simple moving average of C$48.79 and a two-hundred day simple moving average of C$42.70. 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$7.59 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

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 issued a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.47%. Capital Power's dividend payout ratio (DPR) is currently 51.68%.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders have sold a total of 6,300 shares of company stock worth $317,981 over the last three months. Corporate insiders own 0.17% of the company's stock.

About Capital Power

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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