Canadian energy and utility stocks see mixed market activity

Capital Power Co. (TSE:CPX) shares recently traded below their 200-day moving average of C$66.55, with the stock reaching a low of C$63.70 during Monday's session. Despite this price movement, several brokerages have maintained positive outlooks. Desjardins raised its target price to C$88.00, while National Bank Financial and Wells Fargo & Company also increased their price objectives.

In the energy sector, Whitecap Resources (TSX:WCP) is highlighted for its monthly dividend structure, yielding approximately 4.5% annually. The company reported record funds flow of $1.4 billion and free funds flow of $925 million in the second quarter of 2026. Whitecap is targeting continued dividend growth and share buybacks, supported by projected annual per-share production growth of 3% to 5%.