Canadian Utilities (TSE:CU – Free Report) had its target price boosted by Scotiabank from C$34.00 to C$36.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.
A number of other research analysts also recently issued reports on the company. National Bankshares raised their price target on Canadian Utilities from C$33.00 to C$34.00 and gave the stock a sector perform rating in a research note on Tuesday, August 6th. CIBC raised their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a neutral rating in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Canadian Utilities has an average rating of Hold and a consensus price target of C$35.33.
Get Our Latest Report on Canadian Utilities
Canadian Utilities Stock Performance
TSE CU opened at C$33.02 on Tuesday. The company has a fifty day moving average of C$31.04 and a two-hundred day moving average of C$30.86. The company has a market capitalization of C$6.77 billion, a PE ratio of 16.68, a P/E/G ratio of 2.38 and a beta of 0.65. Canadian Utilities has a 1 year low of C$28.13 and a 1 year high of C$33.72. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30.
Canadian Utilities Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.453 per share. This represents a $1.81 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Thursday, August 8th. Canadian Utilities’s dividend payout ratio (DPR) is 91.41%.
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.
Featured Stories
Receive News & Ratings for Canadian Utilities Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Canadian Utilities and related companies with MarketBeat.com’s FREE daily email newsletter.