FY2024 EPS Estimates for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – National Bank Financial lifted their FY2024 EPS estimates for Capital Power in a research report issued on Wednesday, November 27th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $4.43 per share for the year, up from their previous forecast of $4.42. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

CPX has been the topic of a number of other research reports. Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. ATB Capital raised their price objective on shares of Capital Power from C$55.00 to C$57.00 in a research note on Wednesday, November 27th. TD Securities boosted their target price on shares of Capital Power from C$48.00 to C$57.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. CIBC raised their price target on shares of Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, National Bankshares raised their target price on Capital Power from C$47.00 to C$56.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$55.33.

Capital Power Price Performance

Shares of CPX opened at C$61.30 on Monday. The business’s 50-day moving average is C$54.35 and its two-hundred day moving average is C$45.99. The company has a market capitalization of C$7.97 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.91 and a beta of 0.64. Capital Power has a fifty-two week low of C$33.90 and a fifty-two week high of C$64.39. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88.

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 given a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Tuesday, December 31st. Capital Power’s payout ratio is 51.68%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$50.55, for a total transaction of C$308,355.00. In the last ninety days, insiders sold 6,300 shares of company stock valued at $317,981. 0.17% of the stock is owned by 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.