Canadian Utilities Limited (TSE:CU) – National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Canadian Utilities Limited in a report issued on Thursday. National Bank Financial analyst P. Kenny now expects that the company will post earnings per share of $2.52 for the year, up from their prior estimate of $2.44. National Bank Financial has a “Sector Perform” rating and a $45.00 price target on the stock.
Other research analysts have also recently issued reports about the stock. Barclays PLC upped their price objective on shares of Canadian Utilities Limited from C$38.00 to C$40.00 in a research report on Friday, April 21st. TD Securities upped their price objective on shares of Canadian Utilities Limited from C$39.00 to C$41.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$41.20.
Shares of Canadian Utilities Limited (TSE CU) opened at 39.57 on Monday. The company has a market capitalization of $10.62 billion and a price-to-earnings ratio of 17.98. The company’s 50 day moving average is $41.31 and its 200 day moving average is $39.19. Canadian Utilities Limited has a one year low of $34.83 and a one year high of $42.44.
In other Canadian Utilities Limited news, insider Roberta L. Lambright sold 4,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of C$41.20, for a total transaction of C$164,800.00. Also, Director D Jason Sharpe sold 762 shares of the stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of C$41.71, for a total transaction of C$31,783.02. Insiders have sold 5,362 shares of company stock worth $220,748 over the last quarter.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be given a dividend of $0.357 per share. This is a boost from Canadian Utilities Limited’s previous quarterly dividend of $0.23. This represents a $1.43 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, August 8th.
About Canadian Utilities Limited
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).
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