Canadian Utilities (TSE:CU) Shares Cross Above Two Hundred Day Moving Average of $31.00

Canadian Utilities Limited (TSE:CUGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$31.00 and traded as high as C$31.77. Canadian Utilities shares last traded at C$31.66, with a volume of 218,035 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank boosted their price objective on Canadian Utilities from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th. CIBC reduced their target price on Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$35.43.

Get Our Latest Stock Analysis on Canadian Utilities

Canadian Utilities Stock Up 0.3 %

The company has a current ratio of 1.03, a quick ratio of 1.30 and a debt-to-equity ratio of 145.09. The firm has a market cap of C$6.48 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The stock has a fifty day simple moving average of C$30.88 and a two-hundred day simple moving average of C$31.00.

Canadian Utilities (TSE:CUGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.83 EPS for the quarter, topping the consensus estimate of C$0.80 by C$0.03. Canadian Utilities had a return on equity of 9.25% and a net margin of 17.49%. The company had revenue of C$1.09 billion during the quarter. As a group, sell-side analysts expect that Canadian Utilities Limited will post 2.3489583 EPS for the current fiscal year.

Canadian Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Thursday, May 2nd were issued a dividend of $0.453 per share. This represents a $1.81 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Wednesday, May 1st. Canadian Utilities’s payout ratio is 84.58%.

Insider Transactions at Canadian Utilities

In other Canadian Utilities news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of C$30.77, for a total value of C$1,544,530.92. 37.97% of the stock is owned by insiders.

Canadian Utilities Company Profile

(Get Free Report)

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.

Further Reading

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