Capital Power (TSE:CPX – Free Report) had its target price lifted by Royal Bank of Canada from C$39.00 to C$44.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
CPX has been the topic of a number of other reports. BMO Capital Markets boosted their price target on Capital Power from C$38.00 to C$42.00 in a research report on Thursday. CIBC upped their price objective on Capital Power from C$41.00 to C$42.00 and gave the company a neutral rating in a research report on Monday, July 22nd. Desjardins lowered their price objective on Capital Power from C$53.00 to C$52.00 and set a buy rating on the stock in a research report on Thursday, June 6th. Scotiabank upped their price objective on Capital Power from C$43.00 to C$46.00 and gave the company an outperform rating in a research report on Thursday. Finally, ATB Capital upped their price objective on Capital Power from C$40.00 to C$42.00 in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of C$46.50.
Check Out Our Latest Research Report on CPX
Capital Power Stock Performance
Capital Power Increases Dividend
The company also recently declared 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 6.08%. This is a boost from Capital Power’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, September 27th. Capital Power’s dividend payout ratio is presently 47.04%.
Insider Activity
In other news, Senior Officer Bryan Deneve sold 2,441 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$40.38, for a total transaction of C$98,577.10. Insiders own 0.17% of the company’s stock.
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.
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