Canadian Utilities Limited (CU) Director M. Dean Reeve Sells 957 Shares

Canadian Utilities Limited (TSE:CU) Director M. Dean Reeve sold 957 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of C$31.60, for a total value of C$30,241.20.

TSE CU opened at C$31.00 on Wednesday. Canadian Utilities Limited has a 1 year low of C$30.80 and a 1 year high of C$39.88.

Canadian Utilities (TSE:CU) last issued its quarterly earnings data on Thursday, July 26th. The company reported C$0.39 EPS for the quarter. Canadian Utilities had a net margin of 5.70% and a return on equity of 3.91%. The business had revenue of C$967.00 million during the quarter.

Several analysts recently issued reports on the company. TD Securities cut their target price on Canadian Utilities from C$37.00 to C$35.00 and set a “hold” rating on the stock in a research note on Friday, July 27th. CIBC reissued a “neutral” rating on shares of Canadian Utilities in a research note on Thursday, June 28th. National Bank Financial cut their target price on Canadian Utilities from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Monday, July 30th. Finally, BMO Capital Markets cut their target price on Canadian Utilities from C$37.00 to C$35.00 in a research note on Tuesday, September 11th. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of C$36.80.

About Canadian Utilities

Canadian Utilities Limited engages in the electricity, and pipelines and liquids businesses. It operates through Electricity, Pipelines & Liquids, and Corporate & Other segments. The Electricity segment engages in the generation, transmission, and distribution of electricity using coal, natural gas, hydroelectric, and wind resources, as well as related infrastructure development in Western Canada, Ontario, the Yukon, the Northwest Territories, Australia, and Mexico.

See Also: Earnings Per Share (EPS)

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

Receive News & Ratings for Canadian Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Utilities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply