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

Capital Power Co. (TSE:CPX) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.652 per share on Friday, January 31st. This represents a $2.61 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Tuesday, December 31st.

Capital Power Price Performance

TSE CPX opened at C$64.25 on Friday. The firm’s fifty day simple moving average is C$59.13 and its two-hundred day simple moving average is C$49.09. The firm has a market capitalization of C$8.35 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.91 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.55 and a debt-to-equity ratio of 133.46. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$68.73.

Insider Activity at Capital Power

In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$50.55, for a total value of C$308,355.00. 0.17% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada decreased their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 31st. Desjardins increased their price objective on shares of Capital Power from C$60.00 to C$64.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. CIBC boosted their target price on shares of Capital Power from C$54.00 to C$68.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 24th. Atb Cap Markets cut shares of Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price objective on shares of Capital Power from C$56.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$62.78.

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.