Capital Power (TSE:CPX – Free Report) had its target price upped by BMO Capital Markets from C$38.00 to C$42.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.
A number of other brokerages have also recently issued reports on CPX. Desjardins dropped their price objective on shares of Capital Power from C$53.00 to C$52.00 and set a buy rating for the company in a research note on Thursday, June 6th. Scotiabank increased their price objective on shares of Capital Power from C$40.00 to C$43.00 and gave the company a sector perform rating in a research note on Wednesday, June 12th. National Bankshares increased their price objective on shares of Capital Power from C$43.00 to C$44.00 in a research note on Thursday. ATB Capital increased their price objective on shares of Capital Power from C$40.00 to C$42.00 in a research note on Wednesday, July 24th. Finally, Raymond James dropped their price objective on shares of Capital Power from C$46.00 to C$45.00 and set a market perform rating for the company in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capital Power has an average rating of Hold and a consensus target price of C$46.50.
Check Out Our Latest Stock Report on Capital Power
Capital Power Price Performance
Capital Power Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 30th will be issued a dividend of $0.652 per share. This is an increase from Capital Power’s previous quarterly dividend of $0.62. This represents a $2.61 annualized dividend and a yield of 6.08%. The ex-dividend date is Friday, September 27th. Capital Power’s dividend payout ratio (DPR) is currently 47.04%.
Insider Activity at Capital Power
In related news, Senior Officer Bryan Deneve acquired 5,000 shares of the stock in a transaction on Friday, May 10th. The stock was purchased at an average price of C$37.14 per share, for a total transaction of C$185,700.00. 0.17% of the stock is currently owned by insiders.
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.
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