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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
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S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
Is Gold Really Boring? (Ad)
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
3 Drone Stocks That Can Lift Your Portfolio Higher
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Is Gold Really Boring? (Ad)
5 Reasons Why Arcos Dorados Is A Perfect Investment for 2024
These Great-Grandparents Booked 51 Back-to-Back Cruises Because It's 'Cheaper Than a Retirement Home'
TSE:CU

Canadian Utilities (CU) Stock Forecast, Price & News

C$28.60
-0.10 (-0.35%)
(As of 10/2/2023 ET)
Compare
Today's Range
C$28.26
C$29.55
50-Day Range
C$28.60
C$34.30
52-Week Range
C$28.26
C$39.87
Volume
1.03 million shs
Average Volume
643,375 shs
Market Capitalization
C$5.77 billion
P/E Ratio
13.55
Dividend Yield
6.26%
Price Target
C$37.75

Canadian Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
32.0% Upside
C$37.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.77mentions of Canadian Utilities in the last 14 days
Based on 3 Articles This Week
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.

2.39 out of 5 stars


CU stock logo

About Canadian Utilities (TSE:CU) Stock

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 is a subsidiary of ATCO Ltd.

CU Price History

CU Stock News Headlines

Canadian Utilities (TSE:CU) Upgraded at TD Securities
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Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
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Canadian Utilities' (TSE:CU) Dividend Will Be CA$0.4486
Canadian Utilities A (CU) Gets a Hold Rating from RBC Capital
BMO Capital Sticks to Its Hold Rating for Canadian Utilities A (CU)
CU.PR.G:CA Canadian Utilities Limited 2ND PFD SER DD
See More Headlines
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CU Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/1 Dividend
8/02/2023
Dividend Payable
9/01/2023
Today
10/03/2023
Next Earnings (Estimated)
10/26/2023
Ex-Dividend for 12/1 Dividend
11/01/2023
Dividend Payable
12/01/2023

Industry, Sector and Symbol

Industry
Utilities—Diversified
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
5,035
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$37.75
High Stock Price Forecast
C$40.00
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+32.0%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
C$573 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.02 billion
Cash Flow
C$2.59 per share
Book Value
C$19.93 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.77 billion
Optionable
Not Optionable
Beta
0.57
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Key Executives

  • Ms. Nancy C. Southern (Age 66)
    Exec. Chair & CEO
    Comp: $2.52M
  • Mr. Brian P. Shkrobot (Age 50)
    Exec. 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)
    Exec. VP of Corp. Services
    Comp: $1.11M
  • Ms. Melanie L. Bayley (Age 45)
    Pres 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
    Sr. Communications Mang.
  • Ms. L. Cooke
    Sr. VP & Chief Marketing Officer
  • Mr. Deanna M. Girard
    VP of HR













CU Stock - Frequently Asked Questions

Should I buy or sell Canadian Utilities stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last year. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

9 brokerages have issued 1 year price targets for Canadian Utilities' shares. Their CU share price forecasts range from C$36.00 to C$40.00. On average, they anticipate the company's stock price to reach C$37.75 in the next year. This suggests a possible upside of 32.0% 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 shares have decreased by 22.0% and is now trading at C$28.60.
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, October 26th 2023.
View our CU earnings forecast
.

How were Canadian Utilities' earnings last quarter?

Canadian Utilities Limited (TSE:CU) issued its earnings results on Thursday, July, 27th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.43 by $0.06. The company had revenue of $879 million for the quarter. Canadian Utilities had a net margin of 16.21% and a trailing twelve-month return on equity of 9.33%.

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

Canadian Utilities declared a quarterly dividend on Tuesday, September 12th. Stockholders of record on Thursday, November 2nd will be paid a dividend of 0.449 per share on Friday, December 1st. This represents a $1.80 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend 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 6.25%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 84.83%. 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).

What is Canadian Utilities' stock symbol?

Canadian Utilities trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CU."

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.

What is Canadian Utilities' stock price today?

One share of CU stock can currently be purchased for approximately C$28.60.

How much money does Canadian Utilities make?

Canadian Utilities (TSE:CU) has a market capitalization of C$5.77 billion and generates C$4.02 billion in revenue each year. The company earns C$573 million in net income (profit) each year or C$2.11 on an earnings per share basis.

How many employees does Canadian Utilities have?

The company employs 5,035 workers across the globe.

How can I contact Canadian Utilities?

Canadian Utilities' mailing address is 700-909 11 Ave SW, CALGARY, AB T2R 1N6, Canada. The official website for the company is www.canadianutilities.com. The company can be reached via phone at +1-403-2927500.

This page (TSE:CU) was last updated on 10/3/2023 by MarketBeat.com Staff

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