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.

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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).

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