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

Capital Power Co. (TSE:CPX) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.652 per share on Friday, January 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, December 31st.

Capital Power Trading Up 7.7 %

CPX opened at C$54.30 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$54.60. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. The stock has a 50-day moving average of C$47.81 and a 200 day moving average of C$42.18. The firm has a market cap of C$7.06 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last announced its 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 company had revenue of C$774.00 million during the quarter. As a group, research analysts forecast that Capital Power will post 2.8197088 EPS for the current year.

Insider Buying and Selling at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Insiders sold a total of 6,400 shares of company stock valued at $322,274 in the last ninety days. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank boosted 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 research report on Thursday, August 1st. ATB Capital upped their price target on shares of Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Desjardins raised their price objective on shares of Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. BMO Capital Markets upped their target price on Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. Finally, Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Capital Power presently has an average rating of “Moderate Buy” and an average price target of C$47.44.

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.