Canadian Utilities (CU) Stock Price, News & Analysis

Company Overview

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. It owns and operates approximately 9,100 kilometers of natural gas pipelines, 11 compressor sites, approximately 3,600 receipt and delivery points, and a salt cavern natural gas storage peaking facility located near Fort Saskatchewan, Alberta in Canada. The ATCO EnPower segment provides hydro, solar, wind, and natural gas electricity generation; natural gas storage; industrial water solutions; clean fuels, including hydrogen, carbon capture, and underground storage projects; and related infrastructure development in Alberta, the Yukon, the Northwest Territories, Australia, Ontario, Mexico, and Chile. The Corporate & Other segment retails electricity and natural gas; and provides whole-home solutions. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

Key Stats

• Today's Range: C$36.64 to C$36.99
• 50-Day Range: C$32.35 to C$36.97
• 52-Week Range: C$28.32 to C$36.99
• Volume: 328,581 shs
• Average Volume: 506,588 shs
• Market Capitalization: C$7.58 billion
• P/E Ratio: 18.67
• Dividend Yield: 4.90%
• Price Target: C$36.50
• Consensus Rating: Hold

Canadian Utilities Stock Analysis - MarketRank™

Canadian Utilities scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian Utilities has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Canadian Utilities has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Utilities is 18.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Utilities is 18.67, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.18.

Price to Earnings Growth Ratio

Canadian Utilities has a PEG Ratio of 2.38. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Canadian Utilities has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CU.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Canadian Utilities is a leading dividend payer. It pays a dividend yield of 5.09%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canadian Utilities does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian Utilities is 91.41%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CU.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.66

News Sentiment

Canadian Utilities has a news sentiment score of 0.66. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Canadian Utilities this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for CU on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

4 people have added Canadian Utilities to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Canadian Utilities insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$3,473.00 in company stock.

Percentage Held by Insiders

37.58% of the stock of Canadian Utilities is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 14.11% of the stock of Canadian Utilities is held by institutions.

CU Stock Analysis - Frequently Asked Questions

How have CU shares performed this year?

Canadian Utilities' stock was trading at C$31.89 at the beginning of the year. Since then, CU shares have increased by 15.9% and is now trading at C$36.97.
View the best growth stocks for 2024 here.

How were Canadian Utilities' earnings last quarter?

Canadian Utilities Limited (TSE:CU) released its quarterly earnings results on Friday, August, 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01. The firm had revenue of $860 million for the quarter. Canadian Utilities had a trailing twelve-month return on equity of 8.72% and a net margin of 16.43%.

How do I buy shares of Canadian Utilities?

Shares of CU stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Canadian Utilities own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian Utilities investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Toronto-Dominion Bank (TD), AbbVie (ABBV) and Enbridge (ENB).

Company Calendar

• Last Earnings: 8/02/2024
• Ex-Dividend for 9/1 Dividend: 8/08/2024
• Dividend Payable: 9/01/2024
• Today: 10/17/2024
• Ex-Dividend for 12/1 Dividend: 11/07/2024
• Next Earnings (Confirmed): 11/14/2024
• Dividend Payable: 12/01/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Diversified
• Sub-Industry: N/A
• Current Symbol: TSE:CU
• CUSIP: N/A
• CIK: N/A
• Web: www.canadianutilities.com
• Phone: +1-403-2927500
• Fax: N/A
• Employees: 9,018
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$36.50
• High Stock Price Target: C$38.00
• Low Stock Price Target: C$35.00
• Potential Upside/Downside: -1.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.98
• Trailing P/E Ratio: 18.67
• Forward P/E Ratio: 15.36
• P/E Growth: 2.38
• Net Income: C$537 million
• Net Margins: 16.43%
• Pretax Margin: N/A
• Return on Equity: 8.72%
• Return on Assets: 2.66%

Debt

• Debt-to-Equity Ratio: 149.94
• Current Ratio: 1.29
• Quick Ratio: 1.30

Sales & Book Value

• Annual Sales: C$3.74 billion
• Price / Sales: 2.03
• Cash Flow: C$3.35 per share
• Price / Cash Flow: 11.03
• Book Value: C$19.77 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 204,960,000
• Free Float: N/A
• Market Cap: C$7.58 billion
• Optionable: Not Optionable
• Beta: 0.66