Capital Power (TSE:CPX) Given New C$57.00 Price Target at ATB Capital

Capital Power (TSE:CPX) had its price target raised by ATB Capital from C$55.00 to C$57.00 in a report published on Wednesday,BayStreet.CA reports.

Several other equities research analysts have also commented on the company. TD Securities upped their price objective on Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Atb Cap Markets lowered Capital Power from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Desjardins raised their price objective on Capital Power from C$56.00 to C$60.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on Capital Power from C$47.00 to C$56.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Scotiabank upgraded Capital Power from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$46.00 to C$60.00 in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$55.33.

Capital Power Trading Up 1.1 %

Capital Power stock opened at C$62.59 on Wednesday. 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 has a 12 month low of C$33.90 and a 12 month high of C$64.39. The stock’s 50 day simple moving average is C$53.21 and its two-hundred day simple moving average is C$45.27. The firm has a market cap of C$8.13 billion, a PE ratio of 12.68, a P/E/G ratio of 0.91 and a beta of 0.64.

Capital Power Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.17%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio (DPR) is 51.68%.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the 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. Over the last 90 days, insiders have sold 6,300 shares of company stock valued at $317,981. Company insiders own 0.17% of the company’s stock.

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.