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

Shares of Canadian Utilities Limited (TSE:CU) have been given an average rating of “Hold” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$35.29.

CU has been the subject of a number of analyst reports. CIBC cut their price target on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Scotiabank cut their price target on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Monday.

Insider Transactions at Canadian Utilities

In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the business’s stock in a transaction that occurred 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. Company insiders own 38.21% of the company’s stock.

Canadian Utilities Price Performance

CU stock opened at C$30.30 on Friday. The company has a market capitalization of C$6.19 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. 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 52-week low of C$28.13 and a 52-week high of C$39.87. The business has a 50-day simple moving average of C$30.52 and a two-hundred day simple moving average of C$30.74.

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

Canadian Utilities Dividend Announcement

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

Canadian Utilities Company Profile

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.