Atb Cap Markets Predicts Stronger Earnings for Capital Power

Capital Power Co. (TSE:CPX) – Investment analysts at Atb Cap Markets increased their FY2024 EPS estimates for shares of Capital Power in a report released on Wednesday, October 30th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $4.54 per share for the year, up from their prior estimate of $4.16. Atb Cap Markets has a “Hold” rating on the stock. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. Atb Cap Markets also issued estimates for Capital Power’s Q4 2024 earnings at $1.14 EPS, Q3 2025 earnings at $1.34 EPS and FY2025 earnings at $4.10 EPS.

A number of other analysts have also commented on the stock. ATB Capital boosted their price target on shares of Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, October 31st. Scotiabank upgraded shares of Capital Power from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$46.00 to C$60.00 in a research note on Thursday, October 31st. National Bankshares upped their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Desjardins upped their target price on shares of Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their target price on shares of 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. Six 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$55.11.

Capital Power Stock Performance

Shares of CPX stock opened at C$55.66 on Monday. The firm has a market capitalization of C$7.23 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64. The firm has a fifty day simple moving average of C$48.79 and a two-hundred day simple moving average of C$42.70. 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$56.82.

Capital Power Dividend Announcement

The business 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. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a yield of 4.69%. Capital Power’s payout ratio is currently 51.68%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the 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. Over the last 90 days, insiders sold 6,300 shares of company stock worth $317,981. 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.