Canadian Utilities (TSE:CU) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of Canadian Utilities Limited (TSE:CU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$35.47 and traded as high as C$37.69. Canadian Utilities shares last traded at C$37.39, with a volume of 1,248,847 shares trading hands.

Analyst Ratings Changes

CU has been the subject of a number of recent research reports. Scotiabank boosted their price target on shares of Canadian Utilities from C$37.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. CIBC boosted their price target on shares of Canadian Utilities from C$38.00 to C$40.00 in a research note on Friday, April 4th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Utilities from C$39.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th.

Canadian Utilities Stock Up 0.7%

The stock’s fifty day moving average is C$36.82 and its two-hundred day moving average is C$35.47. The company has a current ratio of 1.63, a quick ratio of 1.30 and a debt-to-equity ratio of 158.34. The company has a market capitalization of C$7.64 billion, a PE ratio of 20.20, a P/E/G ratio of 2.38 and a beta of 0.66.

Insider Buying and Selling at Canadian Utilities

In other news, Senior Officer James Armstrong sold 1,258 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$37.98, for a total value of C$47,778.84. Following the sale, the insider now directly owns 136 shares of the company’s stock, valued at approximately C$5,165.28. This represents a 90.24% decrease in their ownership of the stock. Insiders have sold a total of 1,758 shares of company stock valued at $65,510 over the last three months. 37.58% of the stock is currently owned by insiders.

About Canadian Utilities

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.