Capital Power (TSE:CPX) Downgraded by Atb Cap Markets to Hold

Atb Cap Markets downgraded shares of Capital Power (TSE:CPX - Free Report) from a strong-buy rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports. Atb Cap Markets also issued estimates for Capital Power's Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $4.38 EPS.

Several other equities analysts have also recently issued reports on CPX. Royal Bank of Canada decreased their price target on shares of Capital Power from C$54.00 to C$53.00 and set a "sector perform" rating for the company in a research report on Thursday. Desjardins increased their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the company a "buy" rating in a research report on Thursday. Scotiabank raised shares of Capital Power from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$46.00 to C$60.00 in a research note on Thursday. ATB Capital lifted their target price on shares of Capital Power from C$52.00 to C$55.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, National Bankshares upped their price target 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$55.11.

Capital Power Price Performance

Shares of TSE:CPX traded down C$1.17 during midday trading on Wednesday, hitting C$55.30. The stock had a trading volume of 622,093 shares, compared to its average volume of 469,291. 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 company has a market capitalization of C$7.19 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The company's 50-day moving average price is C$48.30 and its 200-day moving average price is C$42.40. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$56.82.

Capital Power (TSE:CPX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.51 EPS for the quarter, missing analysts' consensus estimates of C$0.63 by C($0.12). The business had revenue of C$774.00 million for the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. As a group, equities research analysts predict that Capital Power will post 2.8197088 EPS for the current fiscal year.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.72%. Capital Power's payout ratio is currently 51.68%.

Insider Activity

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the firm's stock in a transaction on Friday, October 4th. The shares were 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 worth $322,274 over the last quarter. 0.17% of the stock is currently owned by corporate insiders.

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.