Insider Selling: Canadian Utilities Limited (CU) Director Sells 20,000 Shares of Stock

Canadian Utilities Limited (TSE:CU) Director Siegfried W. Kiefer sold 20,000 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of C$34.00, for a total transaction of C$680,000.00.

Shares of Canadian Utilities Limited (TSE CU) traded up C$0.34 during trading hours on Monday, hitting C$34.21. 129,500 shares of the company’s stock were exchanged, compared to its average volume of 233,353. The firm has a market capitalization of $9,160.00, a PE ratio of 22.21 and a beta of 0.13. Canadian Utilities Limited has a 52 week low of C$33.37 and a 52 week high of C$42.44.

How to Become a New Pot Stock Millionaire

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Thursday, February 8th were issued a dividend of $0.393 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.60%. 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 dividend payout ratio is 92.86%.

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

TRADEMARK VIOLATION NOTICE: “Insider Selling: Canadian Utilities Limited (CU) Director Sells 20,000 Shares of Stock” was reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.themarketsdaily.com/2018/03/13/insider-selling-canadian-utilities-limited-cu-director-sells-20000-shares-of-stock.html.

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)

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