Capital Power FY2024 EPS Boosted by National Bank Financial

Capital Power Co. (TSE:CPX) – Stock analysts at National Bank Financial upped their FY2024 earnings estimates for Capital Power in a report issued on Tuesday, December 17th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $4.46 for the year, up from their prior forecast of $4.43. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Other equities analysts have also recently issued reports about the company. National Bankshares raised their price objective on Capital Power from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday. ATB Capital raised their price target on shares of Capital Power from C$57.00 to C$63.00 and gave the company a “sector perform” rating in a research report on Wednesday. Scotiabank upped their price objective 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. Atb Cap Markets lowered shares of Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their target price on Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday. 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, Capital Power currently has an average rating of “Hold” and a consensus target price of C$61.22.

Capital Power Stock Down 1.5 %

Shares of CPX stock traded down C$0.93 during trading hours on Thursday, reaching C$61.83. The company had a trading volume of 38,034 shares, compared to its average volume of 494,026. The company has a market cap of C$8.03 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. 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 12 month low of C$33.90 and a 12 month high of C$68.73. The business has a fifty day simple moving average of C$57.29 and a 200-day simple moving average of C$47.86.

Insider Activity

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the business’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 value of C$308,355.00. Insiders own 0.17% of the company’s stock.

Capital Power Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.22%. Capital Power’s payout ratio is presently 51.68%.

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.