Canadian Utilities (CU) Announces Dividend of C$0.25
Canadian Utilities (TSE:CU) declared a dividend on Thursday, January 9th, AnalystRatings.NET reports. Investors of record on Thursday, February 6th will be given a dividend of 0.2466 per share on Saturday, March 1st. The ex-dividend date of this dividend is Tuesday, February 4th.
A number of research firms have recently commented on CU. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Canadian Utilities in a research note to investors on Thursday, October 31st. On the ratings front, analysts at RBC Capital raised their price target on shares of Canadian Utilities from C$40.00 to C$44.00 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Canadian Utilities from C$42.00 to C$43.00 in a research note to investors on Thursday, October 31st. They now have a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$42.17.
Canadian Utilities (TSE:CU) opened at 36.57 on Wednesday. Canadian Utilities has a 52 week low of $33.47 and a 52 week high of $41.68. The stock’s 50-day moving average is $36.0 and its 200-day moving average is $36.12. The company has a market cap of $9.510 billion and a P/E ratio of 15.99.
Canadian Utilities Limited is a holding company. The Company operates in four segments: Utilities includes the regulated distribution of natural gas by ATCO Gas, , and the regulated distribution and transmission of electricity by ATCO Electric and its subsidiaries, Northland Utilities, Northland Utilities and Yukon Electrical; Energy includes the non-regulated supply of electricity and cogeneration steam by ATCO Power, and the non-regulated natural gas gathering, processing, storage, and natural gas liquids extraction by ATCO Midstream; ATCO Australia includes the non-regulated supply of electricity and cogeneration steam by ATCO Power Australia, and as of July 29, 2011, the regulated distribution of natural gas by ATCO Gas Australia and the development, operation and support of information systems and technologies by ATCO I-Tek Australia, and Corporate and Other includes its investment in ATCO Structures & Logistics.
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