Canadian Utilities Limited (TSE:CU – Free Report) – Equities researchers at National Bank Financial issued their Q4 2023 earnings estimates for shares of Canadian Utilities in a research report issued on Tuesday, February 6th. National Bank Financial analyst P. Kenny expects that the company will earn $0.69 per share for the quarter. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.30 per share.
A number of other brokerages have also issued reports on CU. Scotiabank cut their target price on shares of Canadian Utilities from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a research note on Monday, October 16th. CIBC upped their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. TD Securities dropped their price objective on shares of Canadian Utilities from C$37.00 to C$36.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. BMO Capital Markets dropped their price objective on shares of Canadian Utilities from C$37.00 to C$35.00 in a research note on Friday, October 27th. Finally, National Bankshares increased their price objective on shares of Canadian Utilities from C$32.00 to C$33.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$35.71.
Canadian Utilities Stock Performance
TSE:CU opened at C$30.03 on Thursday. The company has a debt-to-equity ratio of 152.06, a current ratio of 0.85 and a quick ratio of 1.30. The firm has a 50-day moving average of C$31.47 and a two-hundred day moving average of C$31.12. The stock has a market cap of C$8.33 billion, a P/E ratio of 13.78, a PEG ratio of 2.38 and a beta of 0.61. Canadian Utilities has a 1-year low of C$28.13 and a 1-year high of C$39.87.
Canadian Utilities Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 1st will be given a $0.453 dividend. This is an increase from Canadian Utilities’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.81 dividend on an annualized basis and a yield of 6.03%. Canadian Utilities’s dividend payout ratio is presently 83.03%.
Canadian Utilities Company Profile
Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.
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