National Bank Financial Predicts TSE:CU FY2025 Earnings

Canadian Utilities Limited (TSE:CU) – Research analysts at National Bank Financial raised their FY2025 earnings estimates for Canadian Utilities in a research note issued to investors on Sunday, November 17th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.45 for the year, up from their prior forecast of $2.43. The consensus estimate for Canadian Utilities’ current full-year earnings is $2.41 per share.

Several other research firms have also recently weighed in on CU. BMO Capital Markets raised their price objective on shares of Canadian Utilities from C$35.50 to C$37.00 in a research report on Thursday, September 5th. Royal Bank of Canada upped their price objective on shares of Canadian Utilities from C$38.00 to C$39.00 in a research note on Friday, November 15th. National Bankshares lifted their price target on Canadian Utilities from C$34.00 to C$37.00 in a research note on Friday, August 23rd. Scotiabank upped their price objective on shares of 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. Finally, CIBC raised their target price on shares of Canadian Utilities from C$34.00 to C$35.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th.

Canadian Utilities Trading Down 0.8 %

Shares of CU opened at C$35.19 on Tuesday. Canadian Utilities has a twelve month low of C$29.15 and a twelve month high of C$37.10. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 149.94. The stock has a market cap of C$7.21 billion, a PE ratio of 17.77, a P/E/G ratio of 2.38 and a beta of 0.66. The business’s 50-day moving average price is C$35.49 and its 200-day moving average price is C$32.85.

Canadian Utilities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, November 7th will be given a dividend of $0.453 per share. This represents a $1.81 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, November 7th. Canadian Utilities’s dividend payout ratio (DPR) is presently 91.41%.

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.