Capital Power Co. (TSE:CPX) Declares $0.65 Quarterly Dividend

Capital Power Co. (TSE:CPX - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.652 per share on Friday, January 31st. This represents a $2.61 annualized dividend and a yield of 4.62%. The ex-dividend date is Tuesday, December 31st.

Capital Power Stock Performance

CPX traded up C$2.17 during mid-day trading on Thursday, reaching C$56.47. 777,927 shares of the company traded hands, compared to its average volume of 468,567. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$56.82. The company's fifty day moving average price is C$48.03 and its 200-day moving average price is C$42.30. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The stock has a market capitalization of C$7.34 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The firm had revenue of C$774.00 million during the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. On average, sell-side analysts expect that Capital Power will post 2.8197088 EPS for the current year.

Insider Activity

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of Capital Power stock in a transaction on 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 sold a total of 6,400 shares of company stock valued at $322,274 in the last 90 days. Company insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

CPX has been the topic of several research reports. Scotiabank upgraded shares of Capital Power from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$46.00 to C$60.00 in a research report on Thursday. Atb Cap Markets raised Capital Power from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 26th. National Bankshares boosted their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the company an "outperform" rating in a research report on Thursday. TD Securities increased their price target on Capital Power from C$48.00 to C$57.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, CIBC lifted their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the company a "neutral" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$55.11.

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.