Canadian Utilities (TSE:CU) PT Raised to C$35.00

Canadian Utilities (TSE:CU) had its price objective lifted by CIBC from C$34.00 to C$35.00 in a research report released on Tuesday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other equities analysts also recently commented on the company. Scotiabank increased their target price on Canadian Utilities from C$33.00 to C$34.00 and gave the company a sector perform rating in a research report on Monday, May 13th. National Bankshares increased their target price on Canadian Utilities from C$33.00 to C$34.00 and gave the company a sector perform rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$35.00.

Canadian Utilities Price Performance

Shares of CU stock traded down C$0.16 on Tuesday, hitting C$32.35. 410,395 shares of the company’s stock were exchanged, compared to its average volume of 503,417. The company has a debt-to-equity ratio of 145.09, a current ratio of 1.03 and a quick ratio of 1.30. Canadian Utilities has a 12 month low of C$28.13 and a 12 month high of C$33.72. The stock has a market cap of C$6.62 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The company has a 50 day moving average of C$30.82 and a 200 day moving average of C$30.78.

Canadian Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Thursday, August 8th will be given a dividend of $0.453 per share. The ex-dividend date is Thursday, August 8th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.60%. Canadian Utilities’s dividend payout ratio (DPR) is 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.