Capital Power Co. (TSE:CPX) Declares Quarterly Dividend of $0.62

Capital Power Co. (TSE:CPX) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.615 per share on Wednesday, July 31st. This represents a $2.46 annualized dividend and a yield of 6.21%. The ex-dividend date is Friday, June 28th.

Capital Power Stock Performance

Shares of Capital Power stock opened at C$39.59 on Thursday. Capital Power has a 12 month low of C$33.90 and a 12 month high of C$43.25. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95. The stock has a market cap of C$5.11 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The business has a fifty day simple moving average of C$38.26 and a 200-day simple moving average of C$37.73.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported C$1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.64 by C$0.93. Capital Power had a return on equity of 19.80% and a net margin of 16.78%. The firm had revenue of C$1.12 billion during the quarter. On average, sell-side analysts anticipate that Capital Power will post 3.1603928 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CPX. Royal Bank of Canada decreased their target price on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating for the company in a research report on Thursday, May 2nd. Raymond James cut their target price on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. CIBC lifted their price target on Capital Power from C$39.00 to C$41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Desjardins reduced their price target on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, TD Securities reduced their price objective on Capital Power from C$49.00 to C$47.00 in a research report on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capital Power presently has an average rating of “Hold” and an average price target of C$45.09.

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.