Canadian Utilities (CU) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CU earnings forecast.

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%.

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.

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.

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).

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

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

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.

The company employs 5,035 workers across the globe.

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.