Canadian Utilities Limited (CU) Scheduled to Post Quarterly Earnings on Thursday
Canadian Utilities Limited (TSE:CU) will issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of C$0.43 per share for the quarter.
Shares of Canadian Utilities Limited (TSE CU) opened at 39.52 on Thursday. The company has a market cap of $10.64 billion and a P/E ratio of 18.47. The company’s 50-day moving average price is $38.71 and its 200 day moving average price is $39.83. Canadian Utilities Limited has a 52 week low of $34.83 and a 52 week high of $42.44.
In other news, Director D Jason Sharpe sold 762 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of C$41.71, for a total value of C$31,783.02. Also, Director Karen Ann Nielsen bought 3,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average cost of C$38.87 per share, for a total transaction of C$116,610.00. Insiders sold 4,186 shares of company stock worth $162,599 in the last ninety days.
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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 target price on the stock. in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$41.20.
Canadian Utilities Limited Company Profile
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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