Canadian Utilities (TSE:CU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Canadian Utilities Limited (TSE:CU) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$32.45 and traded as high as C$35.66. Canadian Utilities shares last traded at C$35.38, with a volume of 696,755 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CU. Scotiabank upped their price objective on Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Royal Bank of Canada upped their price objective on Canadian Utilities from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their price objective on Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th. CIBC boosted their target price on Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, National Bankshares boosted their target price on Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd.

Canadian Utilities Stock Down 0.8 %

The firm has a fifty day moving average price of C$35.17 and a 200 day moving average price of C$32.47. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94. The firm has a market capitalization of C$7.25 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 2.38 and a beta of 0.66.

Canadian Utilities (TSE:CU) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.42 by C$0.01. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. The firm had revenue of C$860.00 million for the quarter. Sell-side analysts anticipate that Canadian Utilities Limited will post 2.4063556 EPS for the current fiscal year.

Canadian Utilities Announces Dividend

The company 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. This represents a $1.81 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, November 7th. Canadian Utilities’s dividend payout ratio is 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.