Capital Power Corp (TSE:CPX) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$28.29.
Several equities research analysts recently issued reports on the company. National Bank Financial upped their price target on Capital Power from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. BMO Capital Markets reissued an “outperform” rating and set a C$28.00 price target on shares of Capital Power in a research report on Friday, December 15th.
In related news, Director Katharine Berghuis Stevenson bought 2,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of C$23.40 per share, with a total value of C$46,800.00. Over the last three months, insiders have purchased 2,500 shares of company stock worth $58,577.
Capital Power (TSE CPX) traded down C$0.08 during mid-day trading on Friday, hitting C$22.62. The company had a trading volume of 41,564 shares, compared to its average volume of 205,907. The firm has a market cap of $2,390.00, a price-to-earnings ratio of 14.84 and a beta of 0.34. Capital Power has a twelve month low of C$22.42 and a twelve month high of C$26.51.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were given a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend was Thursday, December 28th. Capital Power’s dividend payout ratio is currently 103.76%.
Capital Power Company Profile
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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