Capital Power (TSE:CPX – Free Report) had its price objective decreased by Royal Bank of Canada from C$54.00 to C$53.00 in a report released on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
Several other equities analysts also recently commented on CPX. BMO Capital Markets increased their price objective on shares of Capital Power from C$42.00 to C$47.00 in a research note on Thursday, September 5th. CIBC increased their price target on Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th. National Bankshares upped their target price on Capital Power from C$44.00 to C$47.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Desjardins lifted their price target on Capital Power from C$53.00 to C$54.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Capital Power currently has a consensus rating of “Hold” and an average target price of C$55.11.
View Our Latest Stock Report on CPX
Capital Power Stock Down 2.1 %
Capital Power Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.652 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.72%. Capital Power’s dividend payout ratio (DPR) is 51.68%.
Insider Buying and Selling
In other Capital Power news, Senior Officer Bryan Deneve sold 6,100 shares of the 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 transaction of C$308,355.00. Insiders have sold a total of 6,400 shares of company stock valued at $322,274 over the last ninety days. 0.17% of the stock is owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Capital Power
- Dividend Payout Ratio Calculator
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- Technology Stocks Explained: Here’s What to Know About Tech
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- High Flyers: 3 Natural Gas Stocks for March 2022
- Battle of the Retailers: Who Comes Out on Top?
Receive News & Ratings for Capital Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Power and related companies with MarketBeat.com's FREE daily email newsletter.