Capital Power (TSE:CPX) Price Target Increased to C$44.00 by Analysts at National Bankshares

Capital Power (TSE:CPX) had its price objective increased by National Bankshares from C$43.00 to C$44.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Several other research analysts have also recently issued reports on the stock. ATB Capital increased their price target on shares of Capital Power from C$40.00 to C$42.00 in a report on Wednesday, July 24th. CIBC increased their price target 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. Royal Bank of Canada cut their price target on shares of Capital Power from C$41.00 to C$39.00 and set a sector perform rating for the company in a report on Thursday, May 2nd. Desjardins cut 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. Finally, BMO Capital Markets cut their price target on shares of Capital Power from C$40.00 to C$38.00 and set a market perform rating for the company in a report on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$46.50.

Capital Power Price Performance

Shares of CPX opened at C$42.86 on Thursday. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$43.58. The company has a market capitalization of C$5.53 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The firm has a 50-day simple moving average of C$40.37 and a 200-day simple moving average of C$38.31. The company has a debt-to-equity ratio of 125.95, a quick ratio of 0.55 and a current ratio of 0.75.

Capital Power Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.652 dividend. The ex-dividend date is Friday, September 27th. This is a boost from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 dividend on an annualized basis and a yield of 6.08%. Capital Power’s dividend payout ratio (DPR) is 47.04%.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 2,441 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$40.38, for a total transaction of C$98,577.10. Corporate 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.