National Bank Financial Estimates TSE:CU FY2024 Earnings

Canadian Utilities Limited (TSE:CU) – Research analysts at National Bank Financial upped their FY2024 EPS estimates for Canadian Utilities in a research note issued to investors on Sunday, November 17th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.39 per share for the year, up from their prior forecast of $2.37. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

Other analysts have also issued reports about the company. Royal Bank of Canada boosted their price target on Canadian Utilities from C$38.00 to C$39.00 in a report on Friday, November 15th. CIBC raised their target price on Canadian Utilities from C$34.00 to C$35.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Scotiabank lifted their price target 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. BMO Capital Markets boosted their price target on shares of Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Finally, National Bankshares lifted their price target on shares of Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd.

Canadian Utilities Trading Up 1.1 %

Shares of TSE CU opened at C$35.46 on Wednesday. The company has a market cap of C$7.27 billion, a PE ratio of 17.71, a P/E/G ratio of 2.38 and a beta of 0.66. Canadian Utilities has a 1-year low of C$29.15 and a 1-year high of C$37.10. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 149.94. The company has a 50-day moving average of C$35.47 and a two-hundred day moving average of C$32.83.

Canadian Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Thursday, November 7th. Canadian Utilities’s payout ratio 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.