Canadian Utilities (CU) Set to Announce Earnings on Thursday

Canadian Utilities (TSE:CU) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect Canadian Utilities to post earnings of C$0.35 per share for the quarter.

Canadian Utilities Stock Down 0.5 %

Shares of Canadian Utilities stock opened at C$34.44 on Wednesday. The firm has a market cap of C$7.06 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.38 and a beta of 0.66. Canadian Utilities has a one year low of C$29.15 and a one year high of C$37.10. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30. The stock’s 50-day moving average is C$35.39 and its 200 day moving average is C$32.68.

Canadian Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be issued 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 yield of 5.26%. Canadian Utilities’s payout ratio is 91.41%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. 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 upped their price objective on Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. Scotiabank upped their price target on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. CIBC upped their price target on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Royal Bank of Canada lifted their price objective on Canadian Utilities from C$36.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd.

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.