Brian P. Shkrobot Sells 1,500 Shares of Canadian Utilities Limited (TSE:CU) Stock

Canadian Utilities Limited (TSE:CU – Get Rating) Director Brian P. Shkrobot sold 1,500 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of C$39.21, for a total value of C$58,815.00. Following the completion of the sale, the director now owns 9,331 shares of the company’s stock, valued at approximately C$365,868.51.

TSE CU traded up C$0.61 during trading hours on Monday, hitting C$39.75. 833,799 shares of the company traded hands, compared to its average volume of 777,007. The business’s 50-day moving average is C$38.25 and its 200-day moving average is C$36.54. Canadian Utilities Limited has a twelve month low of C$33.86 and a twelve month high of C$39.86. The company has a debt-to-equity ratio of 135.27, a quick ratio of 1.18 and a current ratio of 1.30. The stock has a market capitalization of C$10.71 billion and a price-to-earnings ratio of 25.62.

Canadian Utilities (TSE:CU – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported C$0.71 EPS for the quarter, beating the consensus estimate of C$0.68 by C$0.03. The company had revenue of C$1.03 billion for the quarter. Analysts predict that Canadian Utilities Limited will post 2.2400002 EPS for the current year.

CU has been the subject of a number of recent analyst reports. TD Securities downgraded Canadian Utilities from a “buy” rating to a “hold” rating and set a C$39.00 price objective for the company. in a report on Friday, April 1st. Credit Suisse Group upped their price objective on Canadian Utilities to C$41.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 13th. National Bankshares upped their price objective on Canadian Utilities from C$36.00 to C$37.00 and gave the stock a “sector perform” rating in a research report on Monday, May 2nd. Royal Bank of Canada upped their price objective on Canadian Utilities from C$38.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Friday, April 29th. Finally, CIBC upped their price objective on Canadian Utilities from C$38.00 to C$40.00 in a research report on Thursday, April 21st. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$38.33.

About Canadian Utilities (Get Rating)

Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. It operates through Utilities, Energy Infrastructure, and Corporate & Other segments. The Utilities segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, and the Northwest Territories; and integrated natural gas transmission and distribution services in Alberta, the Lloydminster area of Saskatchewan, and Western Australia.

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