National Bank Financial Analysts Raise Earnings Estimates for Capital Power Corp (CPX)
Capital Power Corp (TSE:CPX) – Stock analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Capital Power in a research note issued to investors on Tuesday. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $1.28 for the year, up from their prior estimate of $1.24. National Bank Financial has a “Outperform” rating and a $34.00 price target on the stock.
Separately, BMO Capital Markets restated an “outperform” rating and issued a C$28.00 target price on shares of Capital Power in a 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’s stock. The company has a consensus rating of “Buy” and an average price target of C$28.83.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued 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 dividend payout ratio (DPR) is currently 103.76%.
In other Capital Power news, Director Katharine Berghuis Stevenson purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of C$23.40 per share, for a total transaction of C$46,800.00. Insiders have purchased 2,500 shares of company stock worth $58,577 over the last quarter.
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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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