Canadian Utilities - CU Stock Forecast, Price & News

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. 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. It owns and operates approximately 9,000 kilometers of natural gas pipelines, 16 compressor sites, approximately 3,700 receipt and delivery points, and a salt cavern storage peaking facility located near Fort Saskatchewan, Alberta in Canada. The Energy Infrastructure segment provides electricity generation, natural gas storage, industrial water, and related infrastructure development solutions in Alberta, the Yukon, the Northwest Territories, Australia, Mexico, and Chile. The Corporate & Other segment retails electricity and natural gas business in Alberta. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Analyst Ratings Changes

CU has been the topic of several analyst reports. Credit Suisse Group decreased their price objective on Canadian Utilities from C$41.00 to C$40.00 in a report on Friday, July 22nd. Royal Bank of Canada raised their target price on Canadian Utilities from C$41.00 to C$42.00 and gave the stock a "sector perform" rating in a research note on Friday, July 29th. CSFB cut their target price on Canadian Utilities from C$41.00 to C$40.00 in a research note on Friday, July 22nd. National Bankshares raised their target price on Canadian Utilities from C$37.00 to C$40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 2nd. Finally, CIBC raised their target price on Canadian Utilities from C$40.00 to C$41.00 in a research note on Thursday, July 21st. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Utilities presently has a consensus rating of "Hold" and an average target price of C$39.50.

Canadian Utilities Price Performance

Shares of TSE:CU opened at C$40.07 on Tuesday. Canadian Utilities has a twelve month low of C$33.86 and a twelve month high of C$41.94. The firm has a market cap of C$10.80 billion and a P/E ratio of 26.19. The company has a 50 day moving average of C$39.17 and a 200 day moving average of C$38.14. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 135.27.

Canadian Utilities (TSE:CU - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The company reported C$0.51 earnings per share for the quarter, topping analysts' consensus estimates of C$0.46 by C$0.05. The firm had revenue of C$933.00 million during the quarter. As a group, research analysts expect that Canadian Utilities will post 2.2411319 EPS for the current fiscal year.

Insider Buying and Selling

In other Canadian Utilities news, Director Robert John Normand sold 1,500 shares of the business's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of C$39.78, for a total transaction of C$59,670.00. Following the completion of the sale, the director now directly owns 24,320 shares in the company, valued at approximately C$967,449.60. Insiders sold a total of 3,100 shares of company stock worth $122,554 in the last three months.