Canadian Utilities (CU) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last year. There are currently 5 hold ratings and 1 buy rating 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.
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6 brokers have issued 12-month target prices for Canadian Utilities' shares. Their CU share price forecasts range from C$37.00 to C$43.00. On average, they anticipate the company's share price to reach C$40.07 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price.
View analysts price targets for CU or view top-rated stocks among Wall Street analysts.

Canadian Utilities' stock was trading at C$36.65 on January 1st, 2023. Since then, CU stock has decreased by 0.9% and is now trading at C$36.32.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CU earnings forecast.

Canadian Utilities Limited (TSE:CU) released its quarterly earnings results on Thursday, March, 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.04. The firm earned $1.11 billion during the quarter. Canadian Utilities had a trailing twelve-month return on equity of 9.99% and a net margin of 17.13%.

Canadian Utilities announced a quarterly dividend on Thursday, April 13th. Stockholders of record on Thursday, May 4th will be given a dividend of 0.449 per share on Thursday, June 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Wednesday, May 3rd.
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 4.95%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 78.17%. 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$36.32.

Canadian Utilities (TSE:CU) has a market capitalization of C$7.32 billion and generates C$4.07 billion in revenue each year. The company earns C$621 million in net income (profit) each year or C$2.29 on an earnings per share basis.

The company employs 4,796 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.