Canadian Utilities (TSE:CU) Share Price Crosses Above 200 Day Moving Average of $31.41

Canadian Utilities Limited (TSE:CU) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$31.41 and traded as high as C$35.80. Canadian Utilities shares last traded at C$35.34, with a volume of 271,616 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CU. 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 note on Tuesday, August 6th. Scotiabank boosted their target price on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. National Bankshares boosted their target price on shares of Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd. Finally, BMO Capital Markets boosted their target price on shares of Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th.

Canadian Utilities Stock Down 1.4 %

The stock has a market capitalization of C$7.07 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.38 and a beta of 0.65. The business’s 50-day moving average is C$32.89 and its two-hundred day moving average is C$31.43. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94.

Canadian Utilities (TSE:CU) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.01. The firm had revenue of C$860.00 million for the quarter. Canadian Utilities had a net margin of 16.43% and a return on equity of 8.72%. Equities analysts anticipate that Canadian Utilities Limited will post 2.4087248 EPS for the current year.

Canadian Utilities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Thursday, August 8th were given a dividend of $0.453 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.81 dividend on an annualized basis and a yield of 5.25%. Canadian Utilities’s 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.