Canadian Utilities (TSE:CU – Free Report) 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.
Check Out Our Latest Stock Analysis on CU
Canadian Utilities Price Performance
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.
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