Canadian Utilities Limited (TSE:CU) Receives C$35.57 Consensus Target Price from Analysts

Shares of Canadian Utilities Limited (TSE:CU) have received an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$35.29.

Several brokerages have commented on CU. CIBC dropped their price target on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Scotiabank dropped their price target on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Monday.

Canadian Utilities Stock Up 0.4 %

Shares of CU stock opened at C$30.30 on Friday. The stock’s 50 day simple moving average is C$30.52 and its 200 day simple moving average is C$30.74. The company has a debt-to-equity ratio of 147.99, a quick ratio of 1.30 and a current ratio of 1.01. Canadian Utilities has a twelve month low of C$28.13 and a twelve month high of C$39.87. The company has a market capitalization of C$6.19 billion, a price-to-earnings ratio of 13.00, a PEG ratio of 2.38 and a beta of 0.60.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.69 by C$0.02. Canadian Utilities had a return on equity of 10.08% and a net margin of 18.63%. The business had revenue of C$974.00 million for the quarter. As a group, research analysts predict that Canadian Utilities will post 2.3547141 EPS for the current year.

Canadian Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.453 per share. This represents a $1.81 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Wednesday, May 1st. Canadian Utilities’s payout ratio is presently 77.68%.

Insider Transactions at Canadian Utilities

In related news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total value of C$1,544,530.92. 38.21% of the stock is owned by insiders.

About Canadian Utilities

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.