Canadian Utilities (TSE:CU) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Canadian Utilities Limited (TSE:CU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$32.45 and traded as high as C$35.66. Canadian Utilities shares last traded at C$35.38, with a volume of 696,755 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. BMO Capital Markets upped their price objective on Canadian Utilities from C$35.50 to C$37.00 in a research note on Thursday, September 5th. CIBC upped their price objective on 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. National Bankshares upped their price objective on Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd. Finally, Royal Bank of Canada upped their price objective on Canadian Utilities from C$36.00 to C$38.00 and gave the company a "sector perform" rating in a research note on Thursday, October 3rd.

Canadian Utilities Price Performance

The company has a debt-to-equity ratio of 149.94, a quick ratio of 1.30 and a current ratio of 1.29. The company has a market cap of C$7.25 billion, a P/E ratio of 17.87, a P/E/G ratio of 2.38 and a beta of 0.66. The firm has a 50 day moving average price of C$35.17 and a two-hundred day moving average price of C$32.47.

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

Canadian Utilities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be issued a dividend of $0.453 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.81 dividend on an annualized basis and a yield of 5.12%. Canadian Utilities's dividend payout ratio (DPR) is 91.41%.

Canadian Utilities Company Profile

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.