Canadian Utilities Limited (TSE:CU) Receives Average Rating of “Hold” from Brokerages

Canadian Utilities Limited (TSE:CU) has received an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$35.43.

A number of analysts have weighed in on CU shares. Scotiabank raised their target price on shares of Canadian Utilities from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Monday, May 13th. CIBC cut their price objective on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating on the stock in a report on Friday, April 19th.

Canadian Utilities Price Performance

Shares of TSE CU opened at C$29.49 on Wednesday. The business has a fifty day moving average price of C$30.82 and a two-hundred day moving average price of C$30.88. The stock has a market capitalization of C$6.04 billion, a PE ratio of 13.78, a P/E/G ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 145.09, a current ratio of 1.03 and a quick ratio of 1.30. Canadian Utilities has a fifty-two week low of C$28.13 and a fifty-two week high of C$34.45.

Canadian Utilities (TSE:CU) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.83 EPS for the quarter, beating analysts’ consensus estimates of C$0.80 by C$0.03. The business had revenue of C$1.09 billion during the quarter. Canadian Utilities had a return on equity of 9.25% and a net margin of 17.49%. As a group, equities analysts predict that Canadian Utilities will post 2.3489583 earnings per share for the current fiscal year.

Canadian Utilities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Thursday, May 2nd were issued a dividend of $0.453 per share. This represents a $1.81 annualized dividend and a yield of 6.14%. The ex-dividend date was Wednesday, May 1st. Canadian Utilities’s payout ratio is presently 84.58%.

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.