Canadian Utilities Limited (CU) to Issue Quarterly Dividend of $0.45 on December 1st

Canadian Utilities Limited (TSE:CU) declared a quarterly dividend on Thursday, October 10th, Zacks reports. Stockholders of record on Thursday, November 7th will be paid a dividend of 0.453 per share on Sunday, December 1st. This represents a $1.81 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Thursday, November 7th.

Canadian Utilities Trading Down 0.5 %

CU opened at C$35.20 on Tuesday. Canadian Utilities has a one year low of C$29.15 and a one year high of C$37.10. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30. The business has a 50 day simple moving average of C$35.21 and a two-hundred day simple moving average of C$32.50. The firm has a market capitalization of C$7.21 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.38 and a beta of 0.66.

Canadian Utilities (TSE:CU) last released its quarterly earnings results on Friday, August 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.01. Canadian Utilities had a net margin of 16.43% and a return on equity of 8.72%. The company had revenue of C$860.00 million during the quarter. Analysts predict that Canadian Utilities will post 2.4063556 EPS for the current year.

Wall Street Analyst Weigh In

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

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.