Canadian Utilities Limited (TSE:CU) insider Clinton Warkentin sold 731 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of C$33.75, for a total transaction of C$24,671.25.
Shares of CU stock opened at C$34.05 on Wednesday. Canadian Utilities Limited has a 52-week low of C$33.37 and a 52-week high of C$42.44. The firm has a market capitalization of $9,280.00, a PE ratio of 22.11 and a beta of 0.13.
Canadian Utilities (TSE:CU) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.16). Canadian Utilities had a net margin of 5.70% and a return on equity of 3.91%. The company had revenue of C$1.16 billion for the quarter.
Several research firms have commented on CU. BMO Capital Markets dropped their price objective on shares of Canadian Utilities from C$41.00 to C$40.00 in a report on Tuesday, February 6th. Royal Bank of Canada decreased their price target on Canadian Utilities from C$40.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Friday, February 23rd.
About Canadian Utilities
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).
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