Capital Power Co. (TSE:CPX) Announces Quarterly Dividend of $0.65

Capital Power Co. (TSE:CPX) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.652 per share on Thursday, October 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Capital Power’s previous quarterly dividend of $0.62.

Capital Power Stock Down 0.7 %

CPX opened at C$49.85 on Friday. The firm has a market cap of C$6.48 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. 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 business has a 50 day moving average price of C$44.64 and a 200 day moving average price of C$40.55. Capital Power has a twelve month low of C$33.90 and a twelve month high of C$50.88.

Capital Power (TSE:CPX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.63 by C($0.12). The firm had revenue of C$774.00 million for the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. Research analysts forecast that Capital Power will post 2.7883598 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CPX shares. CIBC lifted their price objective on Capital Power from C$42.00 to C$45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their target price on Capital Power from C$42.00 to C$47.00 in a research report on Thursday, September 5th. National Bankshares lifted their price target on shares of Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Atb Cap Markets upgraded Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada upped their target price on shares of Capital Power from C$39.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.44.

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.