Insider Selling: Canadian Utilities Limited (TSE:CU) Director Sells 400 Shares of Stock

Canadian Utilities Limited (TSE:CU - Get Free Report) Director Loraine M. Charlton sold 400 shares of Canadian Utilities stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$35.34, for a total value of C$14,136.00.

Canadian Utilities Stock Down 1.0 %

CU stock traded down C$0.37 during mid-day trading on Friday, hitting C$35.80. The stock had a trading volume of 804,801 shares, compared to its average volume of 530,322. Canadian Utilities Limited has a 1-year low of C$29.15 and a 1-year high of C$37.10. The company has a fifty day moving average of C$34.41 and a 200 day moving average of C$35.03. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The stock has a market capitalization of C$7.31 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.38 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price objective on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th.

About Canadian Utilities

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.