Canadian Utilities Limited (TSE:CU – Get Free Report) has been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$34.67.
A number of equities research analysts have recently issued reports on CU shares. CIBC cut their target price on shares of Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Scotiabank upped their price objective on Canadian Utilities from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th.
Check Out Our Latest Stock Analysis on CU
Canadian Utilities Stock Up 1.1 %
TSE CU opened at C$31.95 on Friday. The stock has a market cap of C$6.54 billion, a PE ratio of 14.93, a P/E/G ratio of 2.38 and a beta of 0.60. The business has a 50 day moving average price of C$30.58 and a two-hundred day moving average price of C$30.72. Canadian Utilities has a fifty-two week low of C$28.13 and a fifty-two week high of C$34.42. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 145.09.
Canadian Utilities (TSE:CU – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$0.83 earnings per share for the quarter, beating the consensus estimate of C$0.80 by C$0.03. Canadian Utilities had a return on equity of 9.25% and a net margin of 17.49%. The company had revenue of C$1.09 billion during the quarter. As a group, sell-side analysts predict that Canadian Utilities will post 2.3489583 EPS for the current fiscal year.
Canadian Utilities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 8th will be issued a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Thursday, August 8th. Canadian Utilities’s payout ratio is currently 84.58%.
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.
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