Canadian Utilities Limited (TSE:CU) Senior Officer James Armstrong Sells 1,258 Shares

Canadian Utilities Limited (TSE:CU) Senior Officer James Armstrong sold 1,258 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$37.98, for a total transaction of C$47,778.84. Following the transaction, the insider now owns 136 shares in the company, valued at approximately C$5,165.28. This trade represents a 90.24 % decrease in their ownership of the stock.

Canadian Utilities Price Performance

Canadian Utilities stock opened at C$37.27 on Friday. The business’s 50 day simple moving average is C$36.54 and its 200 day simple moving average is C$35.41. Canadian Utilities Limited has a 12 month low of C$29.15 and a 12 month high of C$38.67. The company has a market cap of C$7.61 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.38 and a beta of 0.66. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34.

Analyst Upgrades and Downgrades

CU has been the topic of several recent analyst reports. CIBC boosted their target price on Canadian Utilities from C$38.00 to C$40.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price objective on Canadian Utilities from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Scotiabank raised their target price on Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th.

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.