Should I buy or sell Canadian Utilities stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CU, but not buy additional shares or sell existing shares. View CU analyst ratings or view top-rated stocks .

What is Canadian Utilities' stock price target for 2024?

8 brokerages have issued 12 month price targets for Canadian Utilities' shares. Their CU share price targets range from C$33.00 to C$40.00. On average, they predict the company's share price to reach C$35.71 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price. View analysts price targets for CU or view top-rated stocks among Wall Street analysts .

How have CU shares performed in 2023?

Canadian Utilities' stock was trading at C$36.65 at the beginning of 2023. Since then, CU stock has decreased by 15.7% and is now trading at C$30.88. View the best growth stocks for 2023 here .

When is Canadian Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our CU earnings forecast .

How were Canadian Utilities' earnings last quarter?

Canadian Utilities Limited (TSE:CU) announced its earnings results on Thursday, October, 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The company earned $812 million during the quarter. Canadian Utilities had a trailing twelve-month return on equity of 9.68% and a net margin of 16.98%.

How often does Canadian Utilities pay dividends? What is the dividend yield for Canadian Utilities?

Canadian Utilities announced a quarterly dividend on Tuesday, September 12th. Shareholders of record on Thursday, November 2nd will be given a dividend of 0.449 per share on Friday, December 1st. This represents a $1.80 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Wednesday, November 1st. Read our dividend analysis for CU .

Is Canadian Utilities a good dividend stock?

Canadian Utilities (TSE:CU) pays an annual dividend of C$1.79 per share and currently has a dividend yield of 5.94%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CU .

What other stocks do shareholders of Canadian Utilities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Utilities investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , AbbVie (ABBV) , Toronto-Dominion Bank (TD) , Vermilion Energy (VET) , Enbridge (ENB) , BCE (BCE) .

How do I buy shares of Canadian Utilities?

Shares of CU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

Canadian Utilities Stock Price, News & Analysis (TSE:CU)

C$30.88

+0.06 (+0.19%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$30.69
▼
C$31.05
50-Day Range: C$28.49
▼
C$31.77
52-Week Range: C$28.13
▼
C$39.87

Volume: 445,863 shs
Average Volume: 643,723 shs
Market Capitalization: C$6.24 billion

P/E Ratio: 14.17
Dividend Yield: 5.80%
Price Target: C$35.71

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Canadian Utilities MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 15.7% Upside
C$35.71 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

3.1

Analyst's Opinion

Consensus Rating
Canadian Utilities has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$35.71, Canadian Utilities has a forecasted upside of 15.7% from its current price of C$30.88.
Amount of Analyst Coverage
Canadian Utilities has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CU.

1.7

Dividend Strength

Dividend Leadership
Canadian Utilities is a leading dividend payer. It pays a dividend yield of 5.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Utilities does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Utilities is 82.11%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CU.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Canadian Utilities this week, compared to 3 articles on an average week.
Search Interest
4 people have searched for CU on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Canadian Utilities to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Utilities insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Canadian Utilities is held by insiders.
Percentage Held by Institutions
Only 16.15% of the stock of Canadian Utilities is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Utilities is 14.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Utilities is 14.17, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.96.
Price to Earnings Growth Ratio
Canadian Utilities has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Utilities has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canadian Utilities Stock (TSE:CU)

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, and retail energy businesses in the United States, Australia, and internationally. 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 9,100 kilometers of natural gas pipelines, 16 compressor sites, approximately 3,700 receipt and delivery points, and a salt cavern natural gas 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 in Alberta. Canadian Utilities Limited was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited operates as a subsidiary of ATCO Ltd.

CU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CU Stock News Headlines

December 1, 2023 | msn.com

Ready to Invest With $5,000? 3 Stocks for December 2023

November 23, 2023 | msn.com

Three Canadian Utility Stocks With Dividends That Beat Inflation

December 4, 2023 | DTI Trader (Ad)

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November 15, 2023 | msn.com

3 Top Utility Stocks to Buy on the TSX Today

November 11, 2023 | msn.com

Safe Stocks to Buy in a Bearish Market

November 9, 2023 | theglobeandmail.com

Closing Bell: Canadian Utilities Ltd Pref Ser Ee flat on Wednesday (CU-PR-H)

November 7, 2023 | msn.com

3 TSX Stocks Every Canadian Should Own in November 2023

November 6, 2023 | ca.investing.com

3 Promising Canadian Value Stocks for November 2023

December 4, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

November 3, 2023 | msn.com

3 Top Canadian Value Stocks in November 2023

October 31, 2023 | marketwatch.com

Canadian Utilities to Offer Exchange of Class B Shares to Class A

October 31, 2023 | finance.yahoo.com

Canadian Utilities Makes Exchange Proposal to Non-Controlling Class B Share Owners

October 26, 2023 | msn.com

Toronto stocks muted as energy losses offset by utilities gains

October 26, 2023 | markets.businessinsider.com

Canadian Market Witnessing Another Weak Spell

October 26, 2023 | marketwatch.com

Canadian Utilities 3Q Earnings Rise, Revenue Falls

October 26, 2023 | finance.yahoo.com

CANADIAN UTILITIES REPORTS THIRD QUARTER 2023 EARNINGS

October 25, 2023 | msn.com

Canadian union Unifor to prioritize talks on EV transition with Stellantis

October 20, 2023 | msn.com

Better Buy for Dividends: Canadian Utilities or Fortis Stock?

October 16, 2023 | msn.com

Bear Market Ahead? Why it’s Still a Prime Time for Canadian Investors

October 14, 2023 | msn.com

2024 Is Looking Like a Bearish Market: Here’s How to Manage Your TFSA

October 12, 2023 | msn.com

TFSA Passive Income: 3 Amazing Stocks That Earn $2,050/Year Combined

October 11, 2023 | msn.com

Bear-Proofing Your Portfolio: Resilient Canadian Stocks to Consider Now

October 11, 2023 | news.yahoo.com

Canadian auto union reaches deal with GM, ending strike

October 7, 2023 | theglobeandmail.com

Closing Bell: Canadian Utilities Ltd Pref Ser CC down on Friday (CU-PR-F)

October 4, 2023 | msn.com

Looking for Safe Income? This Stock Raised its Dividend for the Past 51 Years

October 3, 2023 | theglobeandmail.com

Closing Bell: Canadian Utilities Ltd Pref Ser Dd up on Monday (CU-PR-G)

September 27, 2023 | theglobeandmail.com

Closing Bell: Canadian Utilities Ltd Pref Ser Ff flat on Tuesday (CU-PR-I)

See More Headlines

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Company Calendar

Last Earnings: 10/26/2023
Ex-Dividend for 12/1 Dividend: 11/01/2023
Dividend Payable: 12/01/2023
Today: 12/04/2023
Next Earnings (Estimated): 3/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Diversified
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:CU
CUSIP: N/A
CIK: N/A
Web: www.canadianutilities.com
Phone: +1-403-2927500
Fax: N/A
Employees: 5,035
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$35.71
High Stock Price Target: C$40.00
Low Stock Price Target: C$33.00
Potential Upside/Downside: +15.4%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.18
Trailing P/E Ratio: 14.20
Forward P/E Ratio: 13.15
P/E Growth: 2.38
Net Income: C$589 million
Net Margins: 16.98%
Pretax Margin: N/A
Return on Equity: 9.68%
Return on Assets: 3.36%

Debt

Debt-to-Equity Ratio: 152.06
Current Ratio: 0.85
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: C$3.93 billion
Price / Sales: 1.59
Cash Flow: C$2.81 per share
Price / Cash Flow: 11.03
Book Value: C$19.24 per share
Price / Book: 1.61

Miscellaneous

Outstanding Shares: 202,070,000
Free Float: N/A
Market Cap: C$6.25 billion
Optionable: Not Optionable
Beta: 0.60

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Key Executives

Ms. Nancy C. Southern (Age 66)
Executive Chair & CEO
Comp: $2.52M
Mr. Brian P. Shkrobot (Age 50)
Executive VP & CFO
Comp: $1.07M
Mr. Robert J. Myles B. Eng. (Age 58)
B.Sc., P.Eng., Chief Operating Officer of ATCO EnPower
Comp: $1.15M
Ms. Rebecca A. Penrice (Age 48)
Executive Vice President of Corporate Services
Comp: $1.11M
Ms. Melanie L. Bayley (Age 45)
President of ATCO Electric Ltd
Comp: $1.18M
Mr. Alan M. Skiffington
VP & Chief Information Officer
Mr. Myles Dougan
Director of Investor Relations & External Reporting
Mr. Kurt Kadatz
Senior Communications Manager
Ms. L. Cooke
Senior VP & Chief Marketing Officer
Mr. Deanna M. Girard
Vice President of Human Resources

Key Competitors

View All Competitors

CU Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Utilities stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last twelve months. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CU, but not buy additional shares or sell existing shares.
View CU analyst ratings or view top-rated stocks.
What is Canadian Utilities' stock price target for 2024?: 8 brokerages have issued 12 month price targets for Canadian Utilities' shares. Their CU share price targets range from C$33.00 to C$40.00. On average, they predict the company's share price to reach C$35.71 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for CU or view top-rated stocks among Wall Street analysts.
How have CU shares performed in 2023?: Canadian Utilities' stock was trading at C$36.65 at the beginning of 2023. Since then, CU stock has decreased by 15.7% and is now trading at C$30.88.
View the best growth stocks for 2023 here.
When is Canadian Utilities' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our CU earnings forecast.
How were Canadian Utilities' earnings last quarter?: Canadian Utilities Limited (TSE:CU) announced its earnings results on Thursday, October, 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The company earned $812 million during the quarter. Canadian Utilities had a trailing twelve-month return on equity of 9.68% and a net margin of 16.98%.

How often does Canadian Utilities pay dividends? What is the dividend yield for Canadian Utilities?: Canadian Utilities announced a quarterly dividend on Tuesday, September 12th. Shareholders of record on Thursday, November 2nd will be given a dividend of 0.449 per share on Friday, December 1st. This represents a $1.80 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Wednesday, November 1st.
Read our dividend analysis for CU.
Is Canadian Utilities a good dividend stock?: Canadian Utilities (TSE:CU) pays an annual dividend of C$1.79 per share and currently has a dividend yield of 5.94%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.11%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CU.
What other stocks do shareholders of Canadian Utilities own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Utilities investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), AbbVie (ABBV), Toronto-Dominion Bank (TD), Vermilion Energy (VET), Enbridge (ENB), BCE (BCE).
How do I buy shares of Canadian Utilities?: Shares of CU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CU) was last updated on 12/4/2023 by MarketBeat.com Staff

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Canadian Utilities Stock Price, News & Analysis (TSE:CU)

Canadian Utilities MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Utilities Stock (TSE:CU)

CU Stock Price History

CU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

CU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™