FY2024 EPS Estimates for Capital Power Increased by Analyst

Capital Power Co. (TSE:CPX) – Investment analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Capital Power in a research report issued to clients and investors on Wednesday, November 27th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.43 for the year, up from their previous estimate of $4.42. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share.

Several other research firms have also issued reports on CPX. Royal Bank of Canada lowered their price target on shares of Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating for the company in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Capital Power from C$47.00 to C$56.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. National Bankshares upped their price target on shares of Capital Power from C$47.00 to C$56.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Desjardins lifted their price objective on Capital Power from C$56.00 to C$60.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, CIBC upped their target price on Capital Power from C$52.00 to C$54.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$55.33.

Capital Power Stock Up 0.4 %

Shares of TSE CPX opened at C$62.28 on Monday. The company has a 50 day simple moving average of C$54.09 and a 200 day simple moving average of C$45.82. The company has a debt-to-equity ratio of 133.46, a current ratio of 0.88 and a quick ratio of 0.55. Capital Power has a 1 year low of C$33.90 and a 1 year high of C$64.39. The firm has a market cap of C$8.09 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.91 and a beta of 0.64.

Capital Power Announces Dividend

The company 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 $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 dividend on an annualized basis and a dividend yield of 4.19%. Capital Power’s dividend payout ratio (DPR) is currently 51.68%.

Insider Activity at Capital Power

In related news, Senior Officer Bryan Deneve sold 6,100 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was 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 valued at $317,981. Corporate insiders own 0.17% of the company’s stock.

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.