Canadian Utilities Limited Class A (CU) Director Sells C$35,593.25 in Stock

Canadian Utilities Limited Class A (TSE:CU) Director P. Derek Cook sold 1,075 shares of the business’s stock in a transaction on Friday, June 29th. The stock was sold at an average price of C$33.11, for a total transaction of C$35,593.25.

Canadian Utilities Limited Class A opened at C$33.49 on Thursday, Marketbeat reports. Canadian Utilities Limited Class A has a one year low of C$30.80 and a one year high of C$41.90.

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Canadian Utilities Limited Class A (TSE:CU) last released its quarterly earnings data on Thursday, April 26th. The company reported C$0.67 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.74 by C($0.07). Canadian Utilities Limited Class A had a return on equity of 3.91% and a net margin of 5.70%. The company had revenue of C$1.39 billion for the quarter.

A number of research firms have commented on CU. CSFB reaffirmed a “neutral” rating and set a C$42.00 price objective on shares of Canadian Utilities Limited Class A in a research report on Thursday, March 29th. CIBC reaffirmed a “neutral” rating on shares of Canadian Utilities Limited Class A in a research report on Thursday, June 28th. National Bank Financial reduced their price objective on shares of Canadian Utilities Limited Class A from C$41.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Friday, April 27th. Finally, BMO Capital Markets reduced their price objective on shares of Canadian Utilities Limited Class A from C$39.00 to C$37.00 in a research report on Tuesday, April 24th.

About Canadian Utilities Limited Class A

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.