TSX:CUIntegrated Utilities
Canadian Utilities (TSX:CU) Stock Premium Hinges On Cash Flow Over Margins
Canadian Utilities came into this earnings print with its stock at CA$56.60 after a solid three month run. The reputation is simple: a regulated utility that many investors expect to deliver steady earnings and dependable dividends. The headline today is different. Adjusted Q2 earnings of CA$140 million and stronger operating cash flow sit beside thin trailing net margins of 1.2% and a recent one off loss that still hangs over the numbers.
For investors, the tension is clear. The quarter...