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TSE:CU

Canadian Utilities - CU Stock Forecast, Price & News

C$37.16
+0.39 (+1.06%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
C$36.69
C$37.33
50-Day Range
C$34.96
C$37.96
52-Week Range
C$33.24
C$41.94
Volume
526,513 shs
Average Volume
603,084 shs
Market Capitalization
C$7.49 billion
P/E Ratio
17.70
Dividend Yield
4.82%
Price Target
C$39.56

Canadian Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
6.5% Upside
C$39.56 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.

0.92 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 9,200 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 operates as a subsidiary of ATCO Ltd.

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CU Stock News Headlines

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CANADIAN UTILITIES REPORTS 2022 EARNINGS
3 Canadian Utilities Stocks Worthy of Your TFSA
Canadian Utilities Ltd Shs -A- Non-Voting
Adam Mesh: “This Strategy Saved My Trading Career”
Adam Mesh was $50,000 in the hole - and ready to quit trading for good… Until he discovered the secret to unlocking double-digit income. This strategy has averaged 64% average gains in the last three years. Adam is hosting a free session to show ordinary folks how to execute this incredible strategy. Click here to let Adam show you how it’s done. pixel
Fortis Stock Is a Great Buy in 2023
Should Investors Get Back Into Utility Stocks?
TFSA Passive Income: Earn $126/Month Tax Free for Decades
See More Headlines
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CU Company Calendar

Ex-Dividend for 3/1 Dividend
2/01/2023
Dividend Payable
3/01/2023
Today
3/30/2023
Next Earnings (Estimated)
4/26/2023

Industry, Sector and Symbol

Industry
Gold
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
4,796
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$39.56
High Stock Price Forecast
C$43.00
Low Stock Price Forecast
C$37.00
Forecasted Upside/Downside
+6.5%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
C$557 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.05 billion
Cash Flow
C$3.37 per share
Book Value
C$19.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.49 billion
Optionable
Not Optionable
Beta
0.56

Key Executives

  • Ms. Nancy C. Southern (Age 65)
    Exec. Chair & CEO
    Comp: $921.15k
  • Mr. Brian P. Shkrobot (Age 49)
    Exec. VP & CFO
    Comp: $713.55k
  • Mr. Robert J. Myles (Age 57)
    Exec. VP of Corp. Devel.
    Comp: $911.41k
  • Ms. Rebecca A. Penrice (Age 47)
    Exec. VP of Corp. Services
    Comp: $856.65k
  • Mr. Marshall F. Wilmot (Age 60)
    Pres of Retail & Chief Digital Officer
    Comp: $908.38k
  • Ms. Sarah J. Shortreed
    Exec. VP & CTO
  • Mr. Alan M. Skiffington
    VP & Chief Information Officer
  • Mr. Myles Dougan
    Director of Investor Relations & External Reporting
  • Mr. Kurt Kadatz
    Sr. Communications Mang.
  • Mr. Deanna M. Girard
    VP of HR













CU Stock - Frequently Asked Questions

Should I buy or sell Canadian Utilities stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last twelve months. There are currently 6 hold ratings and 1 buy rating 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?

7 brokerages have issued twelve-month price targets for Canadian Utilities' stock. Their CU share price forecasts range from C$37.00 to C$43.00. On average, they predict the company's share price to reach C$39.56 in the next twelve months. This suggests a possible upside of 6.5% 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 on January 1st, 2023. Since then, CU shares have increased by 1.4% and is now trading at C$37.16.
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 Wednesday, April 26th 2023.
View our CU earnings forecast
.

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

Canadian Utilities declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Thursday, February 2nd will be given a dividend of 0.449 per share on Wednesday, March 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a positive change from the stock's previous quarterly dividend of C$0.44.
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 5.08%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 85.24%. 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), Wheaton Precious Metals (WPM) and 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$37.16.

How much money does Canadian Utilities make?

Canadian Utilities (TSE:CU) has a market capitalization of C$7.49 billion and generates C$4.05 billion in revenue each year. The company earns C$557 million in net income (profit) each year or C$2.10 on an earnings per share basis.

How many employees does Canadian Utilities have?

The company employs 4,796 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 3/30/2023 by MarketBeat.com Staff