Canadian Utilities Limited (TSE:CU – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.83 and traded as high as C$33.09. Canadian Utilities shares last traded at C$33.04, with a volume of 248,116 shares traded.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on CU. Scotiabank raised their price objective on shares of Canadian Utilities from C$33.00 to C$34.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. CIBC increased 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. Finally, National Bankshares increased their target price on shares of 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$35.00.
Check Out Our Latest Stock Analysis on Canadian Utilities
Canadian Utilities Trading Up 0.2 %
The firm’s 50 day moving average is C$30.97 and its 200 day moving average is C$30.83. The company has a market cap of C$6.77 billion, a PE ratio of 16.69, 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 8th will be paid a $0.453 dividend. The ex-dividend date is Thursday, August 8th. This represents a $1.81 dividend on an annualized basis and a yield of 5.48%. Canadian Utilities’s dividend payout ratio is presently 91.41%.
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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