Capital Power (TSE:CPX) Shares Cross Above 200-Day Moving Average of $40.57

Capital Power Co. (TSE:CPX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.57 and traded as high as C$50.49. Capital Power shares last traded at C$50.22, with a volume of 565,368 shares traded.

Analyst Upgrades and Downgrades

CPX has been the subject of several recent analyst reports. ATB Capital increased their target price on Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. CIBC increased their price objective on Capital Power from C$42.00 to C$45.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Atb Cap Markets raised Capital Power from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th. Desjardins increased their price objective on shares of Capital Power from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Scotiabank boosted their price target on Capital Power from C$43.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$46.44.

Capital Power Trading Up 2.1 %

The firm has a 50 day simple moving average of C$44.64 and a 200 day simple moving average of C$40.57. The company has a debt-to-equity ratio of 133.46, a quick ratio of 0.55 and a current ratio of 0.88. The firm has a market cap of C$6.53 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.91 and a beta of 0.63.

Capital Power (TSE:CPX) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.51 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.63 by C($0.12). The business had revenue of C$774.00 million during the quarter. Capital Power had a return on equity of 19.49% and a net margin of 16.77%. On average, equities research analysts predict that Capital Power Co. will post 2.8211658 EPS for the current fiscal year.

Capital Power Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.652 per share. This represents a $2.61 annualized dividend and a dividend yield of 5.19%. This is a positive change from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 30th. Capital Power’s dividend payout ratio (DPR) is presently 51.68%.

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.