Canadian Utilities Limited (TSE:CU) Declares $0.45 Quarterly Dividend

Canadian Utilities Limited (TSE:CU) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Thursday, May 2nd will be paid a dividend of 0.453 per share on Saturday, June 1st. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Wednesday, May 1st.

Canadian Utilities Trading Up 1.0 %

Shares of TSE:CU opened at C$30.99 on Tuesday. Canadian Utilities has a 12 month low of C$28.13 and a 12 month high of C$39.79. The company has a quick ratio of 1.30, a current ratio of 1.01 and a debt-to-equity ratio of 147.99. The company’s fifty day simple moving average is C$30.56 and its 200 day simple moving average is C$30.77. The firm has a market cap of C$6.33 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 2.38 and a beta of 0.60.

Canadian Utilities (TSE:CU) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.69 by C$0.02. Canadian Utilities had a net margin of 18.63% and a return on equity of 10.08%. The firm had revenue of C$974.00 million for the quarter. As a group, research analysts forecast that Canadian Utilities will post 2.3547141 EPS for the current fiscal year.

Insiders Place Their Bets

In other Canadian Utilities news, insider Sentgraf Enterprises Ltd. sold 50,196 shares of Canadian Utilities stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$30.77, for a total value of C$1,544,530.92. Corporate insiders own 38.21% of the company’s stock.

Analyst Upgrades and Downgrades

CU has been the subject of a number of analyst reports. Scotiabank decreased their price objective on shares of Canadian Utilities from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. CIBC decreased their price objective on shares of Canadian Utilities from C$35.00 to C$34.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$35.29.

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.