Canadian Utilities (TSE:CU) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Canadian Utilities Limited's stock recently surpassed its 200-day moving average, trading at C$38.04 with a volume of 472,489 shares.
• The company announced an increase in its quarterly dividend to $0.4577, reflecting a 4.8% yield, scheduled for payout on September 1.
• Analyst ratings show a consensus of "Hold," with target prices varying from C$39.00 to C$41.00, indicating moderate expectations for the stock's performance.

Shares of Canadian Utilities Limited (TSE:CU - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$37.09 and traded as high as C$38.18. Canadian Utilities shares last traded at C$38.04, with a volume of 472,489 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on CU. TD Securities upgraded Canadian Utilities to a "hold" rating and set a C$40.00 price target for the company in a research note on Friday, June 27th. Royal Bank Of Canada upped their price objective on Canadian Utilities from C$39.00 to C$41.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canadian Utilities has an average rating of "Hold" and a consensus price target of C$39.20.

Canadian Utilities Price Performance

The firm has a fifty day simple moving average of C$38.23 and a 200 day simple moving average of C$37.23. The company has a market capitalization of C$10.34 billion, a PE ratio of 23.18, a P/E/G ratio of 2.38 and a beta of 0.59. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63.

Canadian Utilities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.4577 per share. This is an increase from Canadian Utilities's previous quarterly dividend of $0.45. This represents a $1.83 annualized dividend and a yield of 4.8%. Canadian Utilities's dividend payout ratio (DPR) is presently 111.07%.

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.