Should I buy or sell Canadian Utilities stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CU, but not buy additional shares or sell existing shares. View CU analyst ratings or view top-rated stocks .

What is Canadian Utilities' stock price target for 2024?

7 brokers have issued 12 month price targets for Canadian Utilities' shares. Their CU share price targets range from C$33.00 to C$40.00. On average, they expect the company's stock price to reach C$35.71 in the next year. This suggests a possible upside of 19.7% from the stock's current price. View analysts price targets for CU or view top-rated stocks among Wall Street analysts .

How have CU shares performed in 2024?

Canadian Utilities' stock was trading at C$31.89 on January 1st, 2024. Since then, CU stock has decreased by 6.4% and is now trading at C$29.84. View the best growth stocks for 2024 here .

When is Canadian Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our CU earnings forecast .

How were Canadian Utilities' earnings last quarter?

Canadian Utilities Limited (TSE:CU) released its earnings results on Thursday, February, 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The firm earned $974 million during the quarter. Canadian Utilities had a trailing twelve-month return on equity of 10.08% and a net margin of 18.63%.

How often does Canadian Utilities pay dividends? What is the dividend yield for Canadian Utilities?

Canadian Utilities declared a quarterly dividend on Thursday, April 11th. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.453 per share on Saturday, June 1st. This represents a $1.81 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Wednesday, May 1st. Read our dividend analysis for CU .

Is Canadian Utilities a good dividend stock?

Canadian Utilities (TSE:CU) pays an annual dividend of C$1.81 per share and currently has a dividend yield of 5.91%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 77.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CU .

What other stocks do shareholders of Canadian Utilities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Utilities investors own include Intact Financial (IFC) , Constellation Software (CSU) , Alimentation Couche-Tard (ATD.B) , AutoCanada (ACQ) , AbbVie (ABBV) , Toronto-Dominion Bank (TD) , Vermilion Energy (VET) , Enbridge (ENB) , Wheaton Precious Metals (WPM) and BCE (BCE) .

How do I buy shares of Canadian Utilities?

Shares of CU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:CU

Canadian Utilities (CU) Stock Price, News & Analysis

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Free CU Stock Alerts

C$29.87

-0.24 (-0.80%)

(As of 01:21 PM ET)

Compare

Today's Range: C$29.65
▼
C$30.08
50-Day Range: C$29.57
▼
C$31.12
52-Week Range: C$28.13
▼
C$39.87

Volume: 95,203 shs
Average Volume: 501,614 shs
Market Capitalization: C$6.10 billion

P/E Ratio: 12.82
Dividend Yield: 6.06%
Price Target: C$35.71

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Canadian Utilities alerts:

Canadian Utilities MarketRank™ Stock Analysis

Analyst Rating: Hold
2.14 Rating Score
Upside/Downside: 19.7% Upside
C$35.71 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.07
Based on 12 Articles This Week
Insider Trading: Selling Shares
C$1.54 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.16 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Canadian Utilities has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Canadian Utilities has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CU.

1.7

Dividend Strength

Dividend Leadership
Canadian Utilities is a leading dividend payer. It pays a dividend yield of 5.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Utilities does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Utilities is 77.68%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CU.

1.1

News and Social Media Coverage

News Sentiment
Canadian Utilities has a news sentiment score of -0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Canadian Utilities this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for CU on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Canadian Utilities to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Utilities insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,544,531.00 in company stock.
Percentage Held by Insiders
38.21% of the stock of Canadian Utilities is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 15.39% of the stock of Canadian Utilities is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Utilities is 12.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.86.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Utilities is 12.81, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 77.60.
Price to Earnings Growth Ratio
Canadian Utilities has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canadian Utilities has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Canadian Utilities Stock (TSE:CU)

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. It owns and operates approximately 9,100 kilometers of natural gas pipelines, 11 compressor sites, approximately 3,600 receipt and delivery points, and a salt cavern natural gas storage peaking facility located near Fort Saskatchewan, Alberta in Canada. The ATCO EnPower segment provides hydro, solar, wind, and natural gas electricity generation; natural gas storage; industrial water solutions; clean fuels, including hydrogen, carbon capture, and underground storage projects; and related infrastructure development in Alberta, the Yukon, the Northwest Territories, Australia, Ontario, Mexico, and Chile. The Corporate & Other segment retails electricity and natural gas; and provides whole-home solutions. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

CU Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CU Stock News Headlines

March 28, 2024 | insidertrades.com

Canadian Utilities Limited (TSE:CU) Insider Sentgraf Enterprises Ltd. Sells 50,196 Shares

April 15, 2024 | finance.yahoo.com

Canadian Utilities Insiders Placed Bullish Bets Worth CA$816.6k

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 13, 2024 | msn.com

Canadian Utilities Limited CUM RD 2 AA PF declares CAD 0.3063 dividend

April 12, 2024 | msn.com

Canadian Utilities Limited 2ND PF SH SER BB declares CAD 0.3062 dividend

April 12, 2024 | msn.com

Ready for Volatility? 2 Dividend Stocks I’d Hide Out in Today

April 12, 2024 | americanbankingnews.com

Canadian Utilities (TSE:CU) Stock Price Passes Above 200 Day Moving Average of $30.67

April 12, 2024 | americanbankingnews.com

Canadian Utilities (TSE:CU) Share Price Crosses Above Two Hundred Day Moving Average of $30.67

April 16, 2024 | Manward Press (Ad)

Can't believe it's happening again

April 11, 2024 | finance.yahoo.com

CANADIAN UTILITIES LIMITED ELIGIBLE DIVIDENDS

April 11, 2024 | finance.yahoo.com

CANADIAN UTILITIES TO RELEASE FIRST QUARTER 2024 RESULTS ON MAY 2, 2024

April 11, 2024 | finance.yahoo.com

CU INC. ELIGIBLE DIVIDENDS

April 10, 2024 | msn.com

4 Top Canadian Dividend Stocks to Buy in April 2024

March 22, 2024 | money.usnews.com

TSX Futures Rise Ahead of Domestic Economic Data; Stocks Eye Weekly Gain

March 20, 2024 | msn.com

Down by 22.62%: Is Canadian Utilities Stock a Good Buy?

March 18, 2024 | msn.com

Need Consistent Dividends? 3 TSX Stocks That Fit the Bill

March 16, 2024 | msn.com

BC Hydro’s new public EV charging rates make filling up fairer

March 16, 2024 | msn.com

B.C. Hydro to switch to energy-based rates for electric-vehicle charging

March 14, 2024 | forbes.com

Best 5-year GIC Rates In Canada

March 7, 2024 | theglobeandmail.com

Closing Bell: Canadian Utilities Cumulative Redeemable Second up on Thursday (CU-PR-J)

February 29, 2024 | theglobeandmail.com

Closing Bell: Canadian Utilities Cumulative Redeemable Second up on Monday (CU-PR-J)

February 29, 2024 | marketwatch.com

Canadian Utilities 4Q Profit Rises

February 29, 2024 | finance.yahoo.com

CANADIAN UTILITIES REPORTS 2023 EARNINGS

February 23, 2024 | msn.com

5 Top Canadian Dividend Stocks to Buy Right Now

February 21, 2024 | msn.com

2 Stable Stocks for Sleep-Better Investing

February 15, 2024 | msn.com

Got $500? 5 Dividend Stocks to Buy and Hold Forever

February 12, 2024 | msn.com

Dividend Royalty: Canada’s Top Stocks for Reliable Income

See More Headlines

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Company Calendar

Ex-Dividend for 3/1 Dividend: 1/31/2024
Last Earnings: 2/29/2024
Dividend Payable: 3/01/2024
Today: 4/16/2024
Ex-Dividend for 6/1 Dividend: 5/01/2024
Next Earnings (Confirmed): 5/02/2024
Dividend Payable: 6/01/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Diversified
Sub-Industry: N/A
Current Symbol: TSE:CU
CUSIP: N/A
CIK: N/A
Web: www.canadianutilities.com
Phone: +1-403-2927500
Fax: N/A
Employees: 9,018
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$35.71
High Stock Price Target: C$40.00
Low Stock Price Target: C$33.00
Potential Upside/Downside: +18.6%
Consensus Rating: Hold
Rating Score (0-4): 2.14
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.33
Trailing P/E Ratio: 12.92
Forward P/E Ratio: 12.79
P/E Growth: 2.38
Net Income: C$630 million
Net Margins: 18.63%
Pretax Margin: N/A
Return on Equity: 10.08%
Return on Assets: 2.87%

Debt

Debt-to-Equity Ratio: 147.99
Current Ratio: 1.01
Quick Ratio: 1.30

Sales & Book Value

Annual Sales: C$3.80 billion
Price / Sales: 1.62
Cash Flow: C$2.73 per share
Price / Cash Flow: 11.03
Book Value: C$19.83 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 204,330,000
Free Float: N/A
Market Cap: C$6.15 billion
Optionable: Not Optionable
Beta: 0.60

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Key Executives

Ms. Nancy C. Southern (Age 67)
Executive Chair & CEO
Comp: $2.52M
Mr. Robert J. Myles B. Eng. (Age 59)
B.Sc., P.Eng., Chief Operating Officer of ATCO EnPower
Comp: $1.15M
Ms. Rebecca A. Penrice (Age 49)
Executive Vice President of Corporate Services
Comp: $1.11M
Ms. Melanie L. Bayley (Age 46)
President of ATCO Electric Ltd
Comp: $1.18M
Mr. Alan M. Skiffington
VP & Chief Information Officer
Mr. Myles Dougan
Director of Investor Relations & External Reporting
Mr. Kurt Kadatz
Senior Communications Manager
Ms. Lisa Cooke
Senior VP & Chief Marketing Officer
Mr. Deanna M. Girard
Vice President of Human Resources
Mr. Brian R. Bale (Age 69)
Special Advisor to the CEO and Senior VP of IT & Real Estate
Comp: $377.33k

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

CU Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Utilities stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Utilities in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CU shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CU, but not buy additional shares or sell existing shares.
View CU analyst ratings or view top-rated stocks.
What is Canadian Utilities' stock price target for 2024?: 7 brokers have issued 12 month price targets for Canadian Utilities' shares. Their CU share price targets range from C$33.00 to C$40.00. On average, they expect the company's stock price to reach C$35.71 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for CU or view top-rated stocks among Wall Street analysts.
How have CU shares performed in 2024?: Canadian Utilities' stock was trading at C$31.89 on January 1st, 2024. Since then, CU stock has decreased by 6.4% and is now trading at C$29.84.
View the best growth stocks for 2024 here.
When is Canadian Utilities' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CU earnings forecast.
How were Canadian Utilities' earnings last quarter?: Canadian Utilities Limited (TSE:CU) released its earnings results on Thursday, February, 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The firm earned $974 million during the quarter. Canadian Utilities had a trailing twelve-month return on equity of 10.08% and a net margin of 18.63%.

How often does Canadian Utilities pay dividends? What is the dividend yield for Canadian Utilities?: Canadian Utilities declared a quarterly dividend on Thursday, April 11th. Stockholders of record on Thursday, May 2nd will be paid a dividend of 0.453 per share on Saturday, June 1st. This represents a $1.81 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Wednesday, May 1st.
Read our dividend analysis for CU.
Is Canadian Utilities a good dividend stock?: Canadian Utilities (TSE:CU) pays an annual dividend of C$1.81 per share and currently has a dividend yield of 5.91%. CU has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 77.68%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CU.
What other stocks do shareholders of Canadian Utilities own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Utilities investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), AbbVie (ABBV), Toronto-Dominion Bank (TD), Vermilion Energy (VET), Enbridge (ENB), Wheaton Precious Metals (WPM) and BCE (BCE).
How do I buy shares of Canadian Utilities?: Shares of CU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CU) was last updated on 4/16/2024 by MarketBeat.com Staff

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Canadian Utilities (CU) Stock Price, News & Analysis

Canadian Utilities MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Utilities Stock (TSE:CU)

CU Stock Price History

CU Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CU Stock Analysis - Frequently Asked Questions

Overall MarketRank^™