Canadian Utilities (CU) to Release Earnings on Thursday

Canadian Utilities (TSE:CU) is set to release its earnings data before the market opens on Thursday, November 14th. Analysts expect Canadian Utilities to post earnings of C$0.35 per share for the quarter.

Canadian Utilities Trading Down 2.2 %

Shares of TSE:CU opened at C$34.88 on Thursday. The stock has a market capitalization of C$7.15 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66. The company’s 50-day moving average price is C$35.30 and its two-hundred day moving average price is C$32.56. Canadian Utilities has a one year low of C$29.15 and a one year high of C$37.10. The company has a debt-to-equity ratio of 149.94, a current ratio of 1.29 and a quick ratio of 1.30.

Canadian Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be paid a $0.453 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 dividend on an annualized basis and a yield of 5.19%. Canadian Utilities’s dividend payout ratio (DPR) is currently 91.41%.

Wall Street Analysts Forecast Growth

CU has been the subject of several recent research reports. Scotiabank upped their price target on shares of Canadian Utilities from C$34.00 to C$36.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price target on shares of Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. CIBC lifted their price objective on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. National Bankshares lifted their target price on shares of Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Canadian Utilities from C$36.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd.

Canadian Utilities Company Profile

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, liquids, and retail energy businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, and Corporate & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and the Lloydminster area of Saskatchewan; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.