National Bankshares Raises Canadian Utilities (TSE:CU) Price Target to C$34.00

Canadian Utilities (TSE:CU) had its price target hoisted by National Bankshares from C$33.00 to C$34.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts have also weighed in on the stock. Scotiabank increased their target price on shares of Canadian Utilities from C$33.00 to C$34.00 and gave the stock a sector perform rating in a report on Monday, May 13th. CIBC dropped their target price on shares of Canadian Utilities from C$35.00 to C$34.00 and set a neutral rating for the company in a report on Friday, April 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$35.00.

Canadian Utilities Trading Down 0.5 %

Shares of Canadian Utilities stock traded down C$0.16 during trading on Tuesday, reaching C$32.35. 410,395 shares of the stock were exchanged, compared to its average volume of 503,417. The company has a quick ratio of 1.30, a current ratio of 1.03 and a debt-to-equity ratio of 145.09. The stock’s fifty day moving average is C$30.82 and its 200 day moving average is C$30.78. The firm has a market cap of C$6.62 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. Canadian Utilities has a 1 year low of C$28.13 and a 1 year high of C$33.72.

Canadian Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Thursday, August 8th will be issued a $0.453 dividend. The ex-dividend date is Thursday, August 8th. This represents a $1.81 annualized dividend and a yield of 5.60%. Canadian Utilities’s dividend payout ratio (DPR) is presently 84.58%.

About Canadian Utilities

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.