Canadian Utilities Limited (CU) to Issue Quarterly Dividend of $0.46 on December 1st

Canadian Utilities Limited (TSE:CU) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.4623 per share on Tuesday, December 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, November 5th.

Canadian Utilities Stock Down 0.9%

TSE CU opened at C$52.19 on Friday. The stock’s 50 day moving average is C$50.53 and its 200 day moving average is C$50.00. The stock has a market cap of C$14.21 billion, a PE ratio of 326.19, a P/E/G ratio of 2.38 and a beta of 0.40. The company has a current ratio of 1.80, a quick ratio of 1.30 and a debt-to-equity ratio of 184.88. Canadian Utilities has a 12 month low of C$39.95 and a 12 month high of C$56.90.

Canadian Utilities (TSE:CU) last issued its quarterly earnings results on Friday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. The firm had revenue of C$902.00 million for the quarter. Canadian Utilities had a return on equity of 1.88% and a net margin of 3.30%. Research analysts predict that Canadian Utilities will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CU shares. TD Securities upgraded Canadian Utilities from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. TD upped their price objective on shares of Canadian Utilities from C$52.00 to C$57.00 and gave the company a “buy” rating in a research report on Wednesday, October 7th. Royal Bank Of Canada raised their price objective on Canadian Utilities from C$58.00 to C$63.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 8th. Scotiabank boosted their target price on shares of Canadian Utilities from C$50.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce dropped their price target on Canadian Utilities from C$55.00 to C$52.00 in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Canadian Utilities presently has an average rating of “Hold” and a consensus target price of C$54.71.

Canadian Utilities Company Profile

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company’s main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.