Capital Power (TSE:CPX) Sets New 1-Year High – Time to Buy?

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

Analyst Ratings Changes

CPX has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. CIBC lifted their price target on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. National Bankshares upped their price objective on shares of Capital Power from C$44.00 to C$47.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Scotiabank lifted their target price on shares of Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their price target on Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$46.44.

Capital Power Stock Up 0.3 %

The stock has a fifty day moving average price of C$46.67 and a 200-day moving average price of C$41.51. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The firm has a market cap of C$6.78 billion, a PE ratio of 10.34, a PEG ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last released its quarterly earnings data 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 business 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%. Research analysts expect that Capital Power Co. will post 2.8197088 EPS for the current year.

Capital Power Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be given a $0.652 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a yield of 5.00%. Capital Power’s dividend payout ratio (DPR) is 51.68%.

Insider Buying and Selling at Capital Power

In other Capital Power 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 value of C$308,355.00. Insiders sold 6,400 shares of company stock valued at $322,274 over the last 90 days. 0.17% of the stock is 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.