Insider Selling: Canadian Utilities Limited (TSE:CU) Director Sells 400 Shares of Stock

Canadian Utilities Limited (TSE:CU) Director Loraine M. Charlton sold 400 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$35.34, for a total value of C$14,136.00.

Canadian Utilities Stock Performance

CU opened at C$36.17 on Friday. Canadian Utilities Limited has a 52-week low of C$29.15 and a 52-week high of C$37.10. The firm has a market capitalization of C$7.39 billion, a PE ratio of 19.54, a PEG ratio of 2.38 and a beta of 0.66. The company has a debt-to-equity ratio of 158.34, a quick ratio of 1.30 and a current ratio of 1.63. The business’s 50-day simple moving average is C$34.37 and its 200 day simple moving average is C$35.00.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th.

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.