Linda A. Southern-Heathcott Sells 1,490 Shares of Canadian Utilities Limited (CU) Stock
Canadian Utilities Limited (TSE:CU) Director Linda A. Southern-Heathcott sold 1,490 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$38.05, for a total value of C$56,694.50.
Shares of Canadian Utilities Limited (CU) traded up 0.11% during trading on Wednesday, reaching $38.10. The company’s stock had a trading volume of 238,158 shares. Canadian Utilities Limited has a 1-year low of $34.83 and a 1-year high of $42.44. The company has a market capitalization of $10.25 billion and a PE ratio of 17.80. The stock has a 50 day moving average of $38.99 and a 200-day moving average of $39.80.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Thursday, August 10th were given a $0.357 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.43 dividend on an annualized basis and a yield of 3.75%. This is an increase from Canadian Utilities Limited’s previous quarterly dividend of $0.23.
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Separately, National Bank Financial downgraded Canadian Utilities Limited from an “outperform” rating to a “sector perform” rating and set a C$45.00 price objective on the stock. in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$41.20.
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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