Capital Power (TSE:CPX) Downgraded by Atb Cap Markets to “Hold”

Atb Cap Markets cut shares of Capital Power (TSE:CPX) from a strong-buy rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports. Atb Cap Markets also issued estimates for Capital Power’s Q1 2025 earnings at $0.85 EPS, Q2 2025 earnings at $1.01 EPS, Q4 2025 earnings at $0.90 EPS and FY2026 earnings at $4.38 EPS.

CPX has been the subject of several other reports. ATB Capital boosted their target price on Capital Power from C$52.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Thursday. TD Securities lifted their price target on shares of Capital Power from C$48.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday. CIBC increased their price objective on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday. National Bankshares lifted their price objective on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Scotiabank raised Capital Power from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from C$46.00 to C$60.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$55.11.

Capital Power Stock Up 4.0 %

Shares of TSE:CPX opened at C$56.47 on Wednesday. The firm’s 50-day moving average is C$48.03 and its two-hundred day moving average is C$42.30. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$56.82. The firm has a market capitalization of C$7.34 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power (TSE:CPX) last released its earnings results on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). Capital Power had a return on equity of 19.49% and a net margin of 16.77%. The business had revenue of C$774.00 million for the quarter. Analysts predict that Capital Power will post 2.8197088 EPS for the current year.

Capital Power Announces Dividend

The firm 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 dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.62%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is currently 51.68%.

Insider Activity

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$50.55, for a total transaction of C$308,355.00. Over the last three months, insiders sold 6,400 shares of company stock valued at $322,274. Insiders own 0.17% of the company’s stock.

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.