Canadian Utilities Limited (TSE:CU – Get Free Report) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$35.33.
Several research analysts have recently issued reports on CU shares. Scotiabank increased their target price on Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Tuesday. National Bankshares increased their target price on Canadian Utilities from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 6th. Finally, CIBC upped their price target on Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th.
View Our Latest Stock Analysis on Canadian Utilities
Canadian Utilities Trading Down 0.5 %
CU opened at C$32.87 on Thursday. The business has a 50 day simple moving average of C$31.08 and a two-hundred day simple moving average of C$30.87. The firm has a market capitalization of C$6.74 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.38 and a beta of 0.65. 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 has a one year low of C$28.13 and a one year high of C$33.72.
Canadian Utilities Dividend Announcement
The company also recently announced 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 5.51%. The ex-dividend date is Thursday, August 8th. Canadian Utilities’s payout ratio is currently 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.
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