Atb Cap Markets Research Analysts Lift Earnings Estimates for Capital Power Co. (TSE:CPX)

Capital Power Co. (TSE:CPX) – Stock analysts at Atb Cap Markets boosted their Q3 2024 earnings per share estimates for shares of Capital Power in a research note issued to investors on Wednesday, July 31st. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.34 for the quarter, up from their prior forecast of $1.22. The consensus estimate for Capital Power’s current full-year earnings is $3.16 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $1.07 EPS, Q1 2025 earnings at $0.92 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.27 EPS and Q4 2025 earnings at $0.95 EPS.

Several other research firms have also issued reports on CPX. National Bankshares increased their price target on shares of Capital Power from C$43.00 to C$44.00 in a research report on Thursday, August 1st. CIBC upped their price target on shares of Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BMO Capital Markets upped their price objective on Capital Power from C$38.00 to C$42.00 in a research note on Thursday, August 1st. ATB Capital increased their price objective on Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. Finally, Desjardins lowered 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$46.50.

Capital Power Trading Up 1.3 %

Shares of Capital Power stock opened at C$43.41 on Monday. 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 has a 12-month low of C$33.90 and a 12-month high of C$43.59. The company has a market capitalization of C$5.61 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.91 and a beta of 0.58. The firm’s 50-day moving average price is C$40.55 and its two-hundred day moving average price is C$38.41.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 2,441 shares of Capital Power 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. 0.17% of the stock is currently owned by insiders.

Capital Power Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be paid a $0.652 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date of this dividend is Friday, September 27th. This is a boost from Capital Power’s previous quarterly dividend of $0.62. Capital Power’s dividend payout ratio (DPR) is 47.04%.

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.