TSE:CU FY2025 EPS Boosted by National Bank Financial

Canadian Utilities Limited (TSE:CU) – National Bank Financial upped their FY2025 EPS estimates for Canadian Utilities in a report issued on Sunday, November 17th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.45 per share for the year, up from their previous forecast of $2.43. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada upped their price objective on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th. National Bankshares upped their price target on Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Scotiabank boosted their target price on Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, CIBC raised 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.

Canadian Utilities Trading Up 1.1 %

Shares of CU opened at C$35.46 on Tuesday. The stock has a market capitalization of C$7.27 billion, a P/E ratio of 17.71, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. The firm has a fifty day simple moving average of C$35.47 and a two-hundred day simple moving average of C$32.83.

Canadian Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a dividend of $0.453 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 annualized dividend and a dividend yield of 5.11%. Canadian Utilities’s dividend payout ratio is presently 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.