Canadian Utilities (TSE:CU) Share Price Passes Below 200 Day Moving Average of $32.88

Canadian Utilities Limited (TSE:CU) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$32.88 and traded as low as C$31.05. Canadian Utilities shares last traded at C$31.12, with a volume of 839,619 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on CU. TD Securities dropped their target price on shares of Canadian Utilities from C$37.00 to C$36.00 and set a “buy” rating on the stock in a report on Friday, October 27th. BMO Capital Markets decreased their target price on shares of Canadian Utilities from C$37.00 to C$35.00 in a research report on Friday, October 27th. CIBC boosted 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 Friday, October 27th. CSFB decreased their price objective on shares of Canadian Utilities from C$40.50 to C$40.00 and set a “neutral” rating for the company in a report on Monday, July 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Canadian Utilities from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a report on Monday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$35.71.

Canadian Utilities Trading Down 0.5 %

The stock has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.38 and a beta of 0.60. The company’s 50 day moving average is C$30.05 and its 200 day moving average is C$32.88. The company has a debt-to-equity ratio of 152.06, a quick ratio of 1.30 and a current ratio of 0.85.

Canadian Utilities (TSE:CU) last released its earnings results on Thursday, October 26th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.34 by C($0.02). Canadian Utilities had a net margin of 16.98% and a return on equity of 9.68%. The company had revenue of C$812.00 million for the quarter. On average, research analysts forecast that Canadian Utilities Limited will post 2.34181 EPS for the current fiscal year.

Canadian Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 2nd will be paid a $0.449 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date is Wednesday, November 1st. Canadian Utilities’s dividend payout ratio is 82.11%.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.