Canadian Utilities Limited (CU) Insider Sells C$51,300.00 in Stock

Canadian Utilities Limited (TSE:CU) insider Sett F. Policicchio sold 1,500 shares of Canadian Utilities stock in a transaction on Monday, March 12th. The stock was sold at an average price of C$34.20, for a total value of C$51,300.00.

Canadian Utilities Limited (TSE:CU) traded up C$0.08 during midday trading on Tuesday, hitting C$34.29. The stock had a trading volume of 150,799 shares, compared to its average volume of 231,702. Canadian Utilities Limited has a 12 month low of C$33.37 and a 12 month high of C$42.44. The firm has a market capitalization of $9,260.00, a PE ratio of 22.27 and a beta of 0.13.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 8th were issued a $0.393 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.58%. This is a boost from Canadian Utilities’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, February 7th. Canadian Utilities’s payout ratio is 92.86%.

Several brokerages recently issued reports on CU. Royal Bank of Canada reduced their price objective on Canadian Utilities from C$40.00 to C$36.00 and set a “sector perform” rating for the company in a report on Friday, February 23rd. BMO Capital Markets reduced their price objective on Canadian Utilities from C$40.00 to C$39.00 in a report on Friday, February 23rd.

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About Canadian Utilities

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).

Insider Buying and Selling by Quarter for Canadian Utilities (TSE:CU)

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