1 day Ago By ABMN Staff
Canadian Utilities Limited ( TSE:CU – Get Free Report )’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$31.41 and traded as high as C$35.
80. Canadian Utilities shares last traded at C$35.34, with a volume of 271,616 shares.
Wall Street Analysts Forecast Growth A number of research firms have recently commented on CU. Scotiabank upped their price objective on Canadian Utilities from C$34.00 to C$36.
00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. National Bankshares boosted their price objective on shares of Canadian Utilities from C$34.00 to C$37.
00 in a report on Friday, August 23rd. CIBC lifted their price target on shares of Canadian Utilities from C$34.00 to C$35.
00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, BMO Capital Markets increased their target price on Canadian Utilities from C$35.50 to C$37.
00 in a report on Thursday, September 5th. View Our Latest Stock Analysis on Canadian Utilities Canadian Utilities Stock Performance Canadian Utilities ( TSE:CU – Get Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The company reported C$0.
43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.01.
Canadian Utilities had a net margin of 16.43% and a return on equity of 8.72%.
The business had revenue of C$860.00 million for the quarter. Research analysts forecast that Canadian Utilities Limited will post 2.
4087248 earnings per share for the current year. Canadian Utilities Announces Dividend The business also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Thursday, August 8th were paid a dividend of $0.
453 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.
81 annualized dividend and a dividend yield of 5.13%. Canadian Utilities’s dividend payout ratio (DPR) is presently 91.
41%. About Canadian Utilities ( Get Free Report ) 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. Further Reading Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter .
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