Canadian Utilities (TSE:CU) Stock Price Down 1.4% – Time to Sell?

Canadian Utilities Limited (TSE:CU)’s share price fell 1.4% on Thursday . The company traded as low as C$35.33 and last traded at C$35.38. 580,927 shares changed hands during trading, an increase of 15% from the average session volume of 505,772 shares. The stock had previously closed at C$35.87.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada boosted their target price on Canadian Utilities from C$38.00 to C$39.00 in a research report on Friday, November 15th. BMO Capital Markets upped their price objective on Canadian Utilities from C$35.50 to C$37.00 in a report on Thursday, September 5th. National Bankshares raised their target price on shares of Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. Finally, 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 note on Tuesday, August 20th.

Canadian Utilities Stock Performance

The stock has a market capitalization of C$7.26 billion, a PE ratio of 17.89, a PEG ratio of 2.38 and a beta of 0.66. The business’s 50 day moving average is C$35.70 and its 200 day moving average is C$33.43. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94.

Canadian Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th were given a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Thursday, November 7th. Canadian Utilities’s payout ratio is 91.41%.

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.