Insider Selling: Canadian Utilities Limited (CU) Director Sells C$30,241.20 in Stock

Canadian Utilities Limited (TSE:CU) Director M. Dean Reeve sold 957 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of C$31.60, for a total transaction of C$30,241.20.

Shares of CU stock opened at C$31.31 on Thursday. Canadian Utilities Limited has a 12-month low of C$30.80 and a 12-month high of C$39.88.

Canadian Utilities (TSE:CU) last issued its quarterly earnings results on Thursday, July 26th. The company reported C$0.39 earnings per share for the quarter. The business had revenue of C$967.00 million for the quarter. Canadian Utilities had a net margin of 5.70% and a return on equity of 3.91%.

Several equities research analysts recently issued reports on CU shares. TD Securities dropped their target price on shares of Canadian Utilities from C$37.00 to C$35.00 and set a “hold” rating on the stock in a report on Friday, July 27th. CIBC restated a “neutral” rating on shares of Canadian Utilities in a report on Thursday, June 28th. National Bank Financial dropped their target price on shares of Canadian Utilities from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a report on Monday, July 30th. Finally, BMO Capital Markets dropped their target price on shares of Canadian Utilities from C$37.00 to C$35.00 in a report on Tuesday, September 11th. Five research analysts have rated the stock with a hold rating, Canadian Utilities presently has an average rating of “Hold” and a consensus target price of C$36.80.

Canadian Utilities Company Profile

Canadian Utilities Limited engages in the electricity, and pipelines and liquids businesses. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment engages in the generation, transmission, and distribution of electricity using coal, natural gas, hydroelectric, and wind resources, as well as related infrastructure development in Western Canada, Ontario, the Yukon, the Northwest Territories, Australia, and Mexico.

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Insider Buying and Selling by Quarter for Canadian Utilities (TSE:CU)

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