Brokerages Set Canadian Utilities Limited (TSE:CU) Price Target at C$35.57

Shares of Canadian Utilities Limited (TSE:CU) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$35.29.

Several brokerages recently issued reports on CU. Scotiabank decreased their price objective on Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research report on Monday. CIBC reduced 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 report on Friday, April 19th.

Insider Transactions at Canadian Utilities

In other news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the company’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 transaction of C$1,544,530.92. Company insiders own 38.21% of the company’s stock.

Canadian Utilities Stock Performance

Shares of CU stock opened at C$30.64 on Friday. The company has a debt-to-equity ratio of 147.99, a current ratio of 1.01 and a quick ratio of 1.30. The stock has a market cap of C$6.26 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The stock has a 50-day moving average of C$30.54 and a 200-day moving average of C$30.74. Canadian Utilities has a one year low of C$28.13 and a one year high of C$39.87.

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

Canadian Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date is Wednesday, May 1st. Canadian Utilities’s dividend payout ratio is currently 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.