Capital Power (TSE:CPX) Reaches New 52-Week High – What’s Next?

Capital Power Co. (TSE:CPX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$51.13 and last traded at C$51.01, with a volume of 475527 shares trading hands. The stock had previously closed at C$50.36.

Wall Street Analyst Weigh In

Several research analysts have commented on CPX shares. Scotiabank increased their price objective on shares of Capital Power from C$43.00 to C$46.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Desjardins raised their price target on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. ATB Capital upped their price objective on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Atb Cap Markets raised shares of Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. Finally, National Bankshares boosted their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$46.44.

Capital Power Price Performance

The company has a market capitalization of C$6.63 billion, a PE ratio of 9.99, a price-to-earnings-growth 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. The firm’s 50 day simple moving average is C$46.33 and its 200 day simple moving average is C$41.33.

Capital Power (TSE:CPX) last released 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). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The firm had revenue of C$774.00 million for the quarter. As a group, research analysts anticipate that Capital Power Co. will post 2.8197088 EPS for the current fiscal year.

Capital Power Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be paid a dividend of $0.652 per share. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Monday, September 30th. 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 business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders have sold 6,400 shares of company stock valued at $322,274 in the last quarter. 0.17% of the stock is owned by 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.