Canadian Utilities (TSE:CU) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Canadian Utilities Limited (TSE:CU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$31.87 and traded as high as C$35.81. Canadian Utilities shares last traded at C$35.59, with a volume of 624,789 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CU shares. Royal Bank of Canada boosted their target price on shares of Canadian Utilities from C$36.00 to C$38.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 3rd. National Bankshares upped their price target on shares of Canadian Utilities from C$34.00 to C$37.00 in a report on Friday, August 23rd. CIBC upped their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Scotiabank upped their price objective on Canadian Utilities from C$34.00 to C$36.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Finally, BMO Capital Markets upped their price target on Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$36.50.

Canadian Utilities Price Performance

The firm has a market capitalization of C$7.29 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94. The business has a 50-day moving average price of C$34.21 and a two-hundred day moving average price of C$31.90.

Canadian Utilities (TSE:CU - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported C$0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.42 by C$0.01. The company had revenue of C$860.00 million for the quarter. Canadian Utilities had a return on equity of 8.72% and a net margin of 16.43%. As a group, research analysts forecast that Canadian Utilities Limited will post 2.4063556 EPS for the current year.

Canadian Utilities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, November 7th. Canadian Utilities's payout ratio is 91.41%.

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.