FY2024 EPS Estimate for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – Research analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Capital Power in a report released on Tuesday, December 17th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $4.46 for the year, up from their prior estimate of $4.43. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Other research analysts have also recently issued reports about the stock. CIBC upped their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. National Bankshares raised their price objective on shares of Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday. BMO Capital Markets lifted their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a report on Wednesday. Scotiabank raised their price target on Capital Power from C$66.00 to C$69.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$61.22.

Capital Power Price Performance

TSE CPX traded down C$0.93 during trading on Thursday, reaching C$61.83. The company’s stock had a trading volume of 38,034 shares, compared to its average volume of 494,026. The stock has a market capitalization of C$8.03 billion, a PE ratio of 12.24, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. The firm has a fifty day moving average of C$57.29 and a 200 day moving average of C$47.86. Capital Power has a one year low of C$33.90 and a one year high of C$68.73.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated 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 own 0.17% of the company’s stock.

Capital Power Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.22%. Capital Power’s payout ratio is currently 51.68%.

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.