Capital Power Co. (CPX) To Go Ex-Dividend on June 28th

Capital Power Co. (TSE:CPXGet Free Report) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.615 per share on Wednesday, July 31st. This represents a $2.46 annualized dividend and a yield of 6.14%. The ex-dividend date is Friday, June 28th.

Capital Power Stock Up 0.0 %

Capital Power stock opened at C$40.04 on Wednesday. The stock’s 50 day moving average price is C$38.19 and its 200 day moving average price is C$37.72. Capital Power has a 1-year low of C$33.90 and a 1-year high of C$43.25. The company has a market cap of C$5.17 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The company has a debt-to-equity ratio of 125.95, a current ratio of 0.75 and a quick ratio of 0.55.

Capital Power (TSE:CPXGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported C$1.57 EPS for the quarter, topping the consensus estimate of C$0.64 by C$0.93. The company had revenue of C$1.12 billion for the quarter. Capital Power had a net margin of 16.78% and a return on equity of 19.80%. On average, sell-side analysts predict that Capital Power will post 3.1603928 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CPX. Raymond James dropped their target price on shares of Capital Power from C$46.00 to C$45.00 and set a “market perform” rating for the company in a report on Thursday, April 25th. Desjardins reduced their price objective on Capital Power from C$53.00 to C$52.00 and set a “buy” rating for the company in a report on Thursday, June 6th. TD Securities lowered their target price on Capital Power from C$49.00 to C$47.00 in a report on Thursday, May 2nd. CIBC raised their price target on Capital Power from C$39.00 to C$41.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Finally, Royal Bank of Canada decreased their price objective on shares of Capital Power from C$41.00 to C$39.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Capital Power has a consensus rating of “Hold” and a consensus target price of C$45.09.

View Our Latest Research Report on CPX

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve acquired 5,000 shares of Capital Power stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of C$37.14 per share, with a total value of C$185,700.00. Insiders own 0.17% of the company’s stock.

About Capital Power

(Get Free Report)

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.

Further Reading

Dividend History for Capital Power (TSE:CPX)

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