Canadian Utilities (TSE:CU) had its price target decreased by BMO Capital Markets from C$41.00 to C$40.00 in a research report report published on Tuesday.

Separately, Royal Bank of Canada decreased their target price on Canadian Utilities from C$41.00 to C$40.00 and set a sector perform rating on the stock in a report on Friday, October 27th.

Canadian Utilities (CU) opened at C$34.40 on Tuesday. Canadian Utilities has a twelve month low of C$34.32 and a twelve month high of C$42.44. The company has a market capitalization of $9,320.00, a price-to-earnings ratio of 16.86 and a beta of 0.07.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th will be paid a $0.393 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Canadian Utilities’s previous quarterly dividend of $0.36. Canadian Utilities’s dividend payout ratio is presently 68.50%.

In other Canadian Utilities news, Director George J. Lidgett sold 2,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$38.91, for a total value of C$77,820.00.

ILLEGAL ACTIVITY NOTICE: “Canadian Utilities (CU) Given New C$40.00 Price Target at BMO Capital Markets” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/02/08/canadian-utilities-cu-given-new-c40-00-price-target-at-bmo-capital-markets.html.

Canadian Utilities 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).

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter.