D Jason Sharpe Sells 762 Shares of Canadian Utilities Limited (CU) Stock
Canadian Utilities Limited (TSE:CU) Director D Jason Sharpe sold 762 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of C$41.71, for a total transaction of C$31,783.02.
Shares of Canadian Utilities Limited (TSE:CU) traded down 1.05% during mid-day trading on Monday, hitting $41.45. 138,694 shares of the stock traded hands. The firm’s 50 day moving average price is $41.30 and its 200-day moving average price is $38.93. Canadian Utilities Limited has a 12-month low of $34.83 and a 12-month high of $42.44. The stock has a market cap of $11.12 billion and a P/E ratio of 18.83.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.357 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from Canadian Utilities Limited’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, August 8th.
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CU has been the topic of a number of analyst reports. TD Securities raised their price objective on shares of Canadian Utilities Limited from C$39.00 to C$41.00 and gave the company a “hold” rating in a report on Thursday, April 27th. Barclays PLC raised their price objective on shares of Canadian Utilities Limited from C$38.00 to C$40.00 in a report on Friday, April 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$41.14.
About Canadian Utilities Limited
Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL).
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