Brokerages Set Canadian Utilities Limited (TSE:CU) Price Target at C$34.67

Canadian Utilities Limited (TSE:CU) has been assigned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$34.67.

A number of equities research analysts have recently issued reports on CU shares. CIBC reduced their price objective 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. Scotiabank boosted their price target 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.

Canadian Utilities Trading Up 0.3 %

Shares of TSE:CU opened at C$32.95 on Friday. Canadian Utilities has a 12-month low of C$28.13 and a 12-month high of C$33.13. The stock has a market cap of C$6.74 billion, a PE ratio of 15.40, a P/E/G ratio of 2.38 and a beta of 0.60. The business has a 50 day moving average of C$30.65 and a 200-day moving average of C$30.73. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 145.09.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that Canadian Utilities will post 2.3489583 earnings per share for the current year.

Canadian Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Thursday, August 8th will be paid a $0.453 dividend. This represents a $1.81 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, August 8th. Canadian Utilities’s dividend payout ratio (DPR) is currently 84.58%.

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.