FY2024 EPS Forecast for Capital Power Lifted by Analyst

Capital Power Co. (TSE:CPX) – Equities research analysts at National Bank Financial upped their FY2024 earnings estimates for Capital Power in a report issued on Wednesday, October 30th. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $4.42 for the year, up from their previous estimate of $3.80. The consensus estimate for Capital Power’s current full-year earnings is $2.82 per share. National Bank Financial also issued estimates for Capital Power’s FY2025 earnings at $3.61 EPS.

Other analysts also recently issued reports about the stock. 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 report on Thursday, October 31st. Atb Cap Markets downgraded Capital Power from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Royal Bank of Canada dropped their price target on Capital Power from C$54.00 to C$53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 31st. ATB Capital boosted their price target on Capital Power from C$52.00 to C$55.00 and gave the company a “sector perform” rating in a 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 report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$55.11.

Capital Power Stock Up 5.3 %

Shares of TSE CPX opened at C$58.60 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.88 and a debt-to-equity ratio of 133.46. The company’s fifty day simple moving average is C$49.10 and its 200 day simple moving average is C$42.85. Capital Power has a 12-month low of C$33.90 and a 12-month high of C$58.64. The firm has a market cap of C$7.61 billion, a PE ratio of 11.60, a P/E/G ratio of 0.91 and a beta of 0.64.

Insider Transactions at Capital Power

In other news, Senior Officer Bryan Deneve sold 6,100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$50.55, for a total value of C$308,355.00. Insiders sold 6,300 shares of company stock valued at $317,981 over the last three months. Company insiders own 0.17% of the company’s stock.

Capital Power Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.652 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.61 annualized dividend and a dividend yield of 4.45%. Capital Power’s payout ratio is presently 51.68%.

Capital Power Company Profile

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.