Canadian Utilities Limited (CU) Director Patrick F. Donovan Sells 329 Shares
Canadian Utilities Limited (TSE:CU) Director Patrick F. Donovan sold 329 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$38.89, for a total transaction of C$12,794.81.
Canadian Utilities Limited (CU) traded down 0.20% on Friday, reaching $39.18. 97,915 shares of the company’s stock were exchanged. The stock has a market capitalization of $10.55 billion and a PE ratio of 18.31. The firm has a 50 day moving average of $39.54 and a 200 day moving average of $39.63. Canadian Utilities Limited has a 12 month low of $34.83 and a 12 month high of $42.44.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 10th were given a dividend of $0.357 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $1.43 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Canadian Utilities Limited’s previous quarterly dividend of $0.23.
Separately, National Bank Financial lowered shares of Canadian Utilities Limited from an “outperform” rating to a “sector perform” rating and set a C$45.00 price target for the company. in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Canadian Utilities Limited presently has a consensus rating of “Hold” and an average 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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