Canadian Utilities (TSE:CU) Sets New 12-Month High at $35.99

Canadian Utilities Limited (TSE:CU) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$35.99 and last traded at C$35.95, with a volume of 94012 shares. The stock had previously closed at C$35.74.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CU. National Bankshares lifted their price target on Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. Scotiabank upped their target price on Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets upped their target price on Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Finally, CIBC upped 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.

Canadian Utilities Trading Up 0.8 %

The stock has a market capitalization of C$7.38 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 2.38 and a beta of 0.65. The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. The business has a 50-day moving average of C$33.28 and a 200-day moving average of C$31.55.

Canadian Utilities (TSE:CU) last posted its quarterly earnings data 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. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. The company had revenue of C$860.00 million during the quarter. As a group, research analysts forecast that Canadian Utilities Limited will post 2.4087248 EPS for the current year.

Canadian Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Shareholders 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 5.03%. Canadian Utilities’s 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.