Insider Selling: Canadian Utilities Limited (CU) Director Sells 700 Shares of Stock

Canadian Utilities Limited (TSE:CU) Director Steven R. Piepgrass sold 700 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$36.46, for a total transaction of C$25,522.00. Following the transaction, the director now directly owns 3,233 shares of the company’s stock, valued at C$117,875.18.

CU stock opened at C$37.01 on Wednesday. Canadian Utilities Limited has a 1 year low of C$29.12 and a 1 year high of C$37.51. The stock has a market capitalization of $10.05 billion and a P/E ratio of 16.74. The company has a quick ratio of 0.83, a current ratio of 1.08 and a debt-to-equity ratio of 161.25.

Canadian Utilities (TSE:CU) last released its quarterly earnings results on Thursday, February 28th. The company reported C$0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.61 by C$0.08. The company had revenue of C$1.04 billion during the quarter. On average, equities analysts anticipate that Canadian Utilities Limited will post 2.26000017660111 earnings per share for the current fiscal year.



Several equities analysts have recently commented on CU shares. CIBC upped their price objective on shares of Canadian Utilities from C$32.00 to C$33.00 in a research note on Tuesday, January 15th. UBS Group upped their price objective on shares of Canadian Utilities from C$33.00 to C$36.00 in a research note on Monday, March 4th. National Bank Financial upped their price objective on shares of Canadian Utilities from C$36.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Monday, March 4th. TD Securities upped their price objective on shares of Canadian Utilities from C$35.00 to C$37.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets upped their price objective on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company an “average” rating in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Canadian Utilities has an average rating of “Hold” and a consensus target price of C$36.50.

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About Canadian Utilities

Canadian Utilities Limited and its subsidiaries engage in the electricity, pipelines and liquids, and retail energy businesses worldwide. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment provides electricity generation, transmission, distribution; and related infrastructure solutions in Alberta, Ontario, the Yukon, the Northwest Territories, in Canada, as well as in Australia and Mexico.

Read More: What is Cost of Goods Sold (COGS)?

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

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