Capital Power (TSE:CPX – Free Report) had its target price upped by TD Securities from C$47.00 to C$48.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the company. Raymond James reduced their price objective on Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note on Thursday, April 25th. National Bankshares upped their price objective on Capital Power from C$43.00 to C$44.00 in a research note on Thursday. Desjardins dropped their target price 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. Scotiabank upped their target price on shares of Capital Power from C$40.00 to C$43.00 and gave the stock a sector perform rating in a report on Wednesday, June 12th. Finally, CIBC upped their target price on shares of Capital Power from C$41.00 to C$42.00 and gave the stock a neutral rating in a report on Monday, July 22nd. Five investment 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 company presently has a consensus rating of Hold and a consensus price target of C$46.50.
Get Our Latest Research Report on CPX
Capital Power Trading Down 1.2 %
Capital Power Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio is 47.04%.
Insider Buying and Selling at Capital Power
In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$40.38, for a total transaction of C$98,577.10. 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.
Recommended Stories
- Five stocks we like better than Capital Power
- Are Penny Stocks a Good Fit for Your Portfolio?
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Pros And Cons Of Monthly Dividend Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- The Significance of Brokerage Rankings in Stock Selection
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.