Capital Power Corp (TSE:CPX) – Analysts at National Bank Financial boosted their FY2018 earnings per share estimates for shares of Capital Power in a research note issued on Tuesday. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $1.60 per share for the year, up from their prior estimate of $1.35. National Bank Financial currently has a “Outperform” rating and a $34.00 target price on the stock. National Bank Financial also issued estimates for Capital Power’s FY2019 earnings at $1.82 EPS.
Separately, BMO Capital Markets restated an “outperform” rating and set a C$28.00 price target on shares of Capital Power in a research report on Friday, December 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$28.83.
Shares of Capital Power (CPX) opened at C$22.54 on Friday. The stock has a market capitalization of $2,360.00, a price-to-earnings ratio of 14.73 and a beta of 0.34. Capital Power has a 52 week low of C$22.15 and a 52 week high of C$26.51.
In other news, Director Katharine Berghuis Stevenson purchased 2,000 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average price of C$23.40 per share, for a total transaction of C$46,800.00. Insiders have acquired 2,500 shares of company stock worth $58,577 in the last 90 days.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were given a dividend of $0.417 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.67 dividend on an annualized basis and a yield of 7.40%. Capital Power’s payout ratio is 103.76%.
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About Capital Power
Capital Power Corporation is a North American power producing company. The Company develops, acquires, operates and optimizes power generation from a range of energy sources. The Company is engaged in the operation of electrical generation facilities within Canada, including Alberta, British Columbia and Ontario, and in the United States, including North Carolina, New Mexico and Kansas.
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