TSE:CU FY2025 EPS Forecast Cut by National Bank Financial

Key Points

• National Bank Financial has revised its FY2025 earnings per share forecast for Canadian Utilities Limited, lowering it from $2.46 to $2.43, while the consensus estimate is currently $2.41.
• The company recently increased its quarterly dividend to $0.4577 per share, resulting in an annualized dividend of $1.83 and a dividend yield of 4.7%.
• Canadian Utilities' stock received a "hold" rating from several analysts, with an average target price set at C$38.83.

Canadian Utilities Limited (TSE:CU - Free Report) - Stock analysts at National Bank Financial cut their FY2025 earnings per share estimates for Canadian Utilities in a report released on Thursday, July 31st. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.43 per share for the year, down from their previous estimate of $2.46. The consensus estimate for Canadian Utilities' current full-year earnings is $2.41 per share. National Bank Financial also issued estimates for Canadian Utilities' FY2026 earnings at $2.51 EPS.

Several other equities analysts have also commented on the company. TD Securities raised Canadian Utilities to a "hold" rating and set a C$40.00 target price for the company in a report on Friday, June 27th. Royal Bank Of Canada boosted their price objective on Canadian Utilities from C$39.00 to C$41.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$38.83.

Canadian Utilities Stock Up 0.4%

TSE:CU opened at C$38.73 on Monday. The firm has a market capitalization of C$7.91 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The stock has a 50 day moving average of C$38.11 and a 200-day moving average of C$36.59. Canadian Utilities has a 52 week low of C$32.03 and a 52 week high of C$39.68. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34.

Insider Activity

In other Canadian Utilities news, Senior Officer James Armstrong sold 1,258 shares of the company's 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 completion of the sale, the insider directly owned 136 shares in the company, valued at C$5,165.28. This represents a 90.24% decrease in their ownership of the stock. Insiders sold 1,508 shares of company stock worth $57,191 in the last three months. Insiders own 37.58% of the company's stock.

Canadian Utilities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 1st. Stockholders of record on Thursday, August 7th will be given 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 dividend yield of 4.7%. Canadian Utilities's payout ratio is currently 97.79%.

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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