Capital Power Co. (TSE:CPX - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$60.61 and traded as high as C$64.95. Capital Power shares last traded at C$64.15, with a volume of 529,246 shares.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on CPX. Atb Cap Markets downgraded shares of Capital Power from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. BMO Capital Markets boosted their target price 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, December 18th. Scotiabank raised their price target on Capital Power from C$66.00 to C$69.00 and gave the company an "outperform" rating in a research report on Wednesday, December 18th. TD Securities boosted 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 report on Wednesday, December 4th. Finally, Desjardins raised their target price on shares of Capital Power from C$60.00 to C$64.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$62.78.
Get Our Latest Stock Analysis on Capital Power
Capital Power Stock Down 3.3 %
The firm has a 50-day simple moving average of C$60.61 and a 200 day simple moving average of C$50.11. 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$8.06 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.
Capital Power Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, December 31st. Capital Power's dividend payout ratio (DPR) is 51.68%.
Capital Power Company Profile
(
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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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