ATB Capital Issues Positive Forecast for Capital Power (TSE:CPX) Stock Price

Capital Power (TSE:CPX) had its target price raised by ATB Capital from C$57.00 to C$63.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Other research analysts also recently issued reports about the company. BMO Capital Markets lifted their price target on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research report on Wednesday. TD Securities increased their price target on shares of Capital Power from C$61.00 to C$70.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Scotiabank raised their price target on shares of Capital Power from C$66.00 to C$69.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada cut their price objective on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 31st. Finally, CIBC lifted their target price on Capital Power from C$52.00 to C$54.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Capital Power currently has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Trading Down 0.9 %

Shares of TSE:CPX opened at C$62.76 on Wednesday. Capital Power has a 52-week low of C$33.90 and a 52-week high of C$68.73. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The company has a market cap of C$8.16 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.91 and a beta of 0.64. The stock’s 50-day moving average is C$57.04 and its 200-day moving average is C$47.68.

Capital Power Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a yield of 4.16%. The ex-dividend date is Tuesday, December 31st. Capital Power’s dividend payout ratio is currently 51.68%.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. 0.17% of the stock is 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.