James Armstrong Sells 1,258 Shares of Canadian Utilities Limited (TSE:CU) Stock

Canadian Utilities Limited (TSE:CU - Get Free Report) Senior Officer James Armstrong sold 1,258 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of C$37.98, for a total value of C$47,778.84. Following the transaction, the insider now owns 136 shares in the company, valued at C$5,165.28. This represents a 90.24 % decrease in their position.

Canadian Utilities Trading Down 1.0 %

CU traded down C$0.36 during trading hours on Friday, reaching C$37.27. The company's stock had a trading volume of 377,026 shares, compared to its average volume of 567,745. The business's 50-day moving average is C$36.54 and its 200-day moving average is C$35.42. The company has a debt-to-equity ratio of 158.34, a current ratio of 1.63 and a quick ratio of 1.30. The stock has a market cap of C$7.61 billion, a PE ratio of 20.14, a P/E/G ratio of 2.38 and a beta of 0.66. Canadian Utilities Limited has a fifty-two week low of C$29.15 and a fifty-two week high of C$38.67.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CU shares. Scotiabank upped their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price objective on Canadian Utilities from C$39.00 to C$41.00 and gave the stock a "sector perform" rating in a report on Thursday. Finally, CIBC increased their target price on shares of Canadian Utilities from C$38.00 to C$40.00 in a research report on Friday, April 4th.

About Canadian Utilities

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.

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