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

Capital Power Co. (TSE:CPX) hit a new 52-week high on Tuesday . The company traded as high as C$59.23 and last traded at C$59.43, with a volume of 185817 shares changing hands. The stock had previously closed at C$58.48.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. National Bankshares increased their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. ATB Capital boosted their price target 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, October 31st. TD Securities raised their price objective on Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$55.11.

Capital Power Trading Up 1.6 %

The firm has a market cap of C$7.72 billion, a PE ratio of 11.58, a PEG ratio of 0.91 and a beta of 0.64. The firm has a fifty day simple moving average of C$51.15 and a two-hundred day simple moving average of C$44.06. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.652 dividend. This represents a $2.61 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, December 31st. 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 stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. In the last ninety days, insiders have sold 6,300 shares of company stock valued at $317,981. 0.17% of the stock is currently owned by company insiders.

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.