TSE:CPX
28.99
0.13
(0.45%)
Capital Power
CPX-T
Analysis and Opinions about CPX-T
Signal
Opinion
Expert
HOLD
HOLD
August 13, 2020
Good company, yield is safe. Likes strategy going forward. He owns the preferred shares instead. Safe stock. Perfect for your TFSA as a senior. Yield is 7.4%.
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Good company, yield is safe. Likes strategy going forward. He owns the preferred shares instead. Safe stock. Perfect for your TFSA as a senior. Yield is 7.4%.
BUY
BUY
August 4, 2020
A power producer that was coal generator in Alberta before, but the government snuffed coal power production (and paid transitional payments). Since then, the company has morphed into nat-gas and renewables using those payments. Strong earnings, up 20% as reported last week. They raised their dividend 7% for the 7th straight year. CPS has recovered nicely since the March low. There's more in the tank to grow. It's attracting more ESG investing, which is a tailwind. Good company and growth.
Show full opinionHide full opinionA power producer that was coal generator in Alberta before, but the government snuffed coal power production (and paid transitional payments). Since then, the company has morphed into nat-gas and renewables using those payments. Strong earnings, up 20% as reported last week. They raised their dividend 7% for the 7th straight year. CPS has recovered nicely since the March low. There's more in the tank to grow. It's attracting more ESG investing, which is a tailwind. Good company and growth.
DON'T BUY
DON'T BUY
July 17, 2020
There is nothing about this stock that interests him. The current valuation means they can not issue more shares as it will be dilutive. Their balance sheet has gone nowhere in 10 years as they pay too much in dividends. The shares have rarely gone above book value. Not a favorite utility in his books by a long shot.
Show full opinionHide full opinionThere is nothing about this stock that interests him. The current valuation means they can not issue more shares as it will be dilutive. Their balance sheet has gone nowhere in 10 years as they pay too much in dividends. The shares have rarely gone above book value. Not a favorite utility in his books by a long shot.
DON'T BUY
DON'T BUY
November 1, 2019
He likes to buy stocks that are in an uptrend and a good valuation. CPX is a stable business, but at 10 times EBITDA and 22 times earnings it is too expensive. The payout ratio and yield are pretty reasonable, but it carries a fairly high level of debt. Yield 6.22%
Show full opinionHide full opinionHe likes to buy stocks that are in an uptrend and a good valuation. CPX is a stable business, but at 10 times EBITDA and 22 times earnings it is too expensive. The payout ratio and yield are pretty reasonable, but it carries a fairly high level of debt. Yield 6.22%
DON'T BUY
DON'T BUY
October 28, 2019
A western focused energy distribution company. They would benefit when there is volatility in electricity pricing there. It is a great name to own long term but there are others he prefers.
Show full opinionHide full opinionA western focused energy distribution company. They would benefit when there is volatility in electricity pricing there. It is a great name to own long term but there are others he prefers.
WEAK BUY
WEAK BUY
September 24, 2019
Well-managed, but they had a hiccup when a few years ago when Alberta changed its environmental assessment on coal power plants. So CPX has to close two power plants and have since transformed them (well) into natural gas. Also, CPX operates in market-sensitive Alberta. In the end, CPX has done well. Doesn't trade expensively, so there's upside potential. Problem is, nobody knows power prices will react in Alberta. This is more of a utility. He is lukewarm on it. The whole sector is on sale, cheap, rife for a price upgrade.
Show full opinionHide full opinionWell-managed, but they had a hiccup when a few years ago when Alberta changed its environmental assessment on coal power plants. So CPX has to close two power plants and have since transformed them (well) into natural gas. Also, CPX operates in market-sensitive Alberta. In the end, CPX has done well. Doesn't trade expensively, so there's upside potential. Problem is, nobody knows power prices will react in Alberta. This is more of a utility. He is lukewarm on it. The whole sector is on sale, cheap, rife for a price upgrade.
DON'T BUY
DON'T BUY
September 17, 2019
Red flags: they're shifting away from coal energy--and this will take time--and their dependence on Alberta energy. Instead, buy AQN, which pays a regulated return, though buy on a pullback, and it's done a great job growing. AQN is his favourite in this space.
COMMENT
COMMENT
August 16, 2019
CPX vs. Transalta They're transitioning away from coal to natural gas, wind and solar.They've executed extremely well, but he prefers Transalta for its valuation--and Brookfield could buy Transalta. Both companies are well-run.
DON'T BUY
DON'T BUY
July 16, 2019
Power generation does not seem to attract the same multiples for investors are the same ratings from the credit issues, due to the variability in cash flows. It pays a good yield. He would not be putting capital in this space yet.
Show full opinionHide full opinionPower generation does not seem to attract the same multiples for investors are the same ratings from the credit issues, due to the variability in cash flows. It pays a good yield. He would not be putting capital in this space yet.
COMMENT
COMMENT
May 1, 2019
They consistently grow their dividend. They grow organically and by acquisition. Their recent weakness has been due to an attempted acquisition and would pay for that with a stock issue. Once this is cleared-up, then the cash flow will lead to a dividend increase. Pays a 6% yield.
Show full opinionHide full opinionThey consistently grow their dividend. They grow organically and by acquisition. Their recent weakness has been due to an attempted acquisition and would pay for that with a stock issue. Once this is cleared-up, then the cash flow will lead to a dividend increase. Pays a 6% yield.
COMMENT
COMMENT
April 30, 2019
He hasn't looked at this chart before. It was sideways for a long time, then broke out a little in fall 2018. Then, it consolidated and is now pulling back perhaps to its old breakout point of the high-$20s.
Show full opinionHide full opinionHe hasn't looked at this chart before. It was sideways for a long time, then broke out a little in fall 2018. Then, it consolidated and is now pulling back perhaps to its old breakout point of the high-$20s.
TOP PICK
TOP PICK
April 24, 2019
A meat and potatoes business, trading at 16 times earnings, 5.7% dividend with a 7% growth in dividends yearly, and low payout ratio. Yield 5.7% (Analysts’ price target is $31.32)
Show full opinionHide full opinionA meat and potatoes business, trading at 16 times earnings, 5.7% dividend with a 7% growth in dividends yearly, and low payout ratio. Yield 5.7% (Analysts’ price target is $31.32)
COMMENT
COMMENT
Dividend is ok. He does not follow this name.
BUY
BUY
February 26, 2019
A defensive play? Their legacy business was coal-fired plants in Alberta, but today faces greening under the Notley government. So, CPX struck a deal with Notley to diversify assets away from those plants into more green power. They pay nearly a 7% yield, which is safe, covered by good cash flow. A good defensive stock.
Show full opinionHide full opinionA defensive play? Their legacy business was coal-fired plants in Alberta, but today faces greening under the Notley government. So, CPX struck a deal with Notley to diversify assets away from those plants into more green power. They pay nearly a 7% yield, which is safe, covered by good cash flow. A good defensive stock.
PARTIAL SELL
PARTIAL SELL
January 15, 2019
Outperformed last year. Little growth here so not one of his favourites. Among stable utilities, he prefers Fortis and Emera--bigger with better reputations and dividend growth. Nothing wrong this this, but there are better stocks in this space. They had a good year in 2018, so take money here. Also the political picture in Albera looks murky (the Tories will likely replace the NDP), so coal-powered generation looks uncertain.
Show full opinionHide full opinionOutperformed last year. Little growth here so not one of his favourites. Among stable utilities, he prefers Fortis and Emera--bigger with better reputations and dividend growth. Nothing wrong this this, but there are better stocks in this space. They had a good year in 2018, so take money here. Also the political picture in Albera looks murky (the Tories will likely replace the NDP), so coal-powered generation looks uncertain.
Capital Power(CPX-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 4
Total Signals / Votes : 7
Capital Power(CPX-T) Frequently Asked Questions
What is Capital Power stock symbol?
Capital Power is a Canadian stock, trading under the symbol CPX-T on the Toronto Stock Exchange (CPX-CT). It is usually referred to as TSX:CPX or CPX-T
Is Capital Power a buy or a sell?
In the last year, 7 stock analysts published opinions about CPX-T. 2 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is HOLD. Read the latest stock experts' ratings for Capital Power.
Is Capital Power a good investment or a top pick?
Capital Power was recommended as a Top Pick by Bruce Campbell (1) on 2020-08-13. Read the latest stock experts ratings for Capital Power.
Why is Capital Power stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Capital Power worth watching?
7 stock analysts on Stockchase covered Capital Power In the last year. It is a trending stock that is worth watching.
What is Capital Power stock price?
On 2020-09-18, Capital Power (CPX-T) stock closed at a price of $28.99.
