Capital Power (TSE:CPX) Reaches New 52-Week High at $42.37

Shares of Capital Power Co. (TSE:CPX) reached a new 52-week high during trading on Friday . The stock traded as high as C$42.37 and last traded at C$42.04, with a volume of 361900 shares. The stock had previously closed at C$41.50.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CPX shares. BMO Capital Markets decreased their price target on shares of Capital Power from C$40.00 to C$38.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. Raymond James decreased their price target on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating on the stock in a research note on Thursday, April 25th. Desjardins decreased their price target on shares of Capital Power from C$53.00 to C$52.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. TD Securities decreased their price target on shares of Capital Power from C$49.00 to C$47.00 in a research note on Thursday, May 2nd. Finally, CIBC lifted their target price on shares of Capital Power from C$39.00 to C$41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Six 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 currently has a consensus rating of “Hold” and an average target price of C$45.09.

Capital Power Trading Up 1.3 %

The firm has a market cap of C$5.43 billion, a P/E ratio of 8.04, a PEG ratio of 0.91 and a beta of 0.58. The firm’s fifty day moving average is C$39.10 and its two-hundred day moving average is C$37.87. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 125.95.

Capital Power (TSE:CPX) last released its quarterly earnings results on Wednesday, May 1st. The company reported C$1.57 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.93. The business had revenue of C$1.12 billion for the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. Analysts predict that Capital Power Co. will post 3.1603928 earnings per share for the current fiscal year.

Capital Power Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 28th will be issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 5.85%. The ex-dividend date of this dividend is Friday, June 28th. Capital Power’s dividend payout ratio (DPR) is currently 47.04%.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve bought 5,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of C$37.14 per share, for a total transaction of C$185,700.00. 0.17% of the stock is currently owned by company 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.