FY2025 EPS Estimate for Canadian Utilities Lifted by Analyst

Canadian Utilities Limited (TSE:CU) – Analysts at National Bank Financial lifted their FY2025 earnings estimates for shares of Canadian Utilities in a research note issued to investors on Sunday, November 17th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.45 for the year, up from their previous estimate of $2.43. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

Several other research analysts also recently commented on CU. CIBC raised their price target on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Royal Bank of Canada lifted their price objective on Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th. BMO Capital Markets upped their target price on Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th. National Bankshares lifted their price target on Canadian Utilities from C$34.00 to C$37.00 in a research report on Friday, August 23rd. Finally, Scotiabank boosted their price objective on Canadian Utilities from C$34.00 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th.

Canadian Utilities Price Performance

CU stock opened at C$35.46 on Tuesday. The firm has a 50 day moving average of C$35.47 and a 200-day moving average of C$32.83. 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$7.27 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 12 month low of C$29.15 and a 12 month high of C$37.10.

Canadian Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a dividend of $0.453 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.11%. Canadian Utilities’s dividend payout ratio is 91.41%.

About Canadian Utilities

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.