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Canadian Utilities LimitedTSX:CU Stock Report

Market Cap CA$13.4b
Share Price
CA$49.68
CA$48.43
2.6% overvalued intrinsic discount
1Y31.6%
7D1.8%
Portfolio Value
View

Canadian Utilities Limited

TSX:CU Stock Report

Market Cap: CA$13.4b

Canadian Utilities (CU) Stock Overview

Engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. More details

CU fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health1/6
Dividends3/6

CU Community Fair Values

Create Narrative

See what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.

Canadian Utilities Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Canadian Utilities
Historical stock prices
Current Share PriceCA$49.68
52 Week HighCA$51.05
52 Week LowCA$37.13
Beta0.59
1 Month Change3.67%
3 Month Change5.68%
1 Year Change31.64%
3 Year Change37.12%
5 Year Change42.64%
Change since IPO1,887.20%

Recent News & Updates

Analysis Article May 14

Canadian Utilities' (TSE:CU) Soft Earnings Don't Show The Whole Picture

Soft earnings didn't appear to concern Canadian Utilities Limited's ( TSE:CU ) shareholders over the last week. We did...
Narrative Update Apr 19

CU: Higher Income And Tight Range Will Shape A Steady Forward Profile

Narrative Update on Canadian Utilities Analyst price targets for Canadian Utilities have narrowed to a CA$47 to CA$49 range. This reflects updated views from several firms that maintain ratings such as Hold, Sector Perform, Market Perform, or Neutral, while adjusting for current fair value and P/E assumptions.

Recent updates

Analysis Article May 14

Canadian Utilities' (TSE:CU) Soft Earnings Don't Show The Whole Picture

Soft earnings didn't appear to concern Canadian Utilities Limited's ( TSE:CU ) shareholders over the last week. We did...
Narrative Update Apr 19

CU: Higher Income And Tight Range Will Shape A Steady Forward Profile

Narrative Update on Canadian Utilities Analyst price targets for Canadian Utilities have narrowed to a CA$47 to CA$49 range. This reflects updated views from several firms that maintain ratings such as Hold, Sector Perform, Market Perform, or Neutral, while adjusting for current fair value and P/E assumptions.
Narrative Update Apr 01

CU: Higher Income And Tight Range Will Support A Steady Future Profile

Analyst price targets for Canadian Utilities have moved higher into a CA$47 to CA$49 range, as several firms cite updated views on the company that support a modest upward revision to the fair value estimate of CA$48.43. Analyst Commentary Recent research updates cluster in a tight CA$47 to CA$49 range, which lines up with the consolidated fair value estimate around CA$48.43.
Narrative Update Mar 18

CU: Higher Income And Tight Price Range Will Support A Steady Defensive Profile

The analyst fair value estimate for Canadian Utilities has been raised from CA$47.00 to approximately CA$48.43. This change reflects a series of recent price target increases into the CA$47 to CA$49 range as analysts reassess the stock's outlook.
Narrative Update Mar 03

CU: Higher Income And Stable Outlook Will Support A Defensive Yet Balanced Profile

Analysts have lifted their average price target for Canadian Utilities to CA$47.00 from CA$42.71, citing updated assumptions for revenue growth, profit margins and future P/E multiples in line with recent target increases from several Canadian banks. Analyst Commentary Recent price target updates for Canadian Utilities cluster in a tight CA$47 to CA$49 range, with most analysts keeping mid range ratings such as Hold, Sector Perform, Market Perform and Neutral.
Analysis Article Feb 04

Canadian Utilities' (TSE:CU) Dividend Will Be Increased To CA$0.4623

The board of Canadian Utilities Limited ( TSE:CU ) has announced that it will be paying its dividend of CA$0.4623 on...
Narrative Update Jan 25

CU: Dividend Increases And Neutral Outlook Will Support A Defensive Yet Balanced Profile

Analysts have nudged their average price target for Canadian Utilities higher by C$0.14 to C$42.71. This reflects a series of recent target increases into the C$40 to C$44 range as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
Analysis Article Jan 15

Canadian Utilities (TSE:CU) Is Increasing Its Dividend To CA$0.4623

Canadian Utilities Limited ( TSE:CU ) has announced that it will be increasing its periodic dividend on the 1st of...
Narrative Update Jan 11

CU: Regulated Earnings And Dividend Growth Will Support A Defensive Yet Balanced Outlook

Analysts have nudged their expectations higher, with recent Street research lifting Canadian Utilities price targets into the C$40 to C$44 range. This reflects updated views on regulated utility stability, power market trends and the role of regulated exposure as a defensive hedge.
Narrative Update Dec 24

CU: Steadier Regulated Earnings Will Support Defensive Profile Amid Modest Upside Potential

Analysts have nudged our fair value estimate for Canadian Utilities modestly higher to about C$42.60 from roughly C$41.40, reflecting a series of recent price target increases across the Street and slightly improved long term profitability and earnings multiple assumptions. Analyst Commentary Recent Street research has turned incrementally more constructive on Canadian Utilities, with multiple firms nudging price targets higher in a tight C$40 to C$44 range.
Analysis Article Dec 19

Canadian Utilities Limited (TSE:CU) Not Flying Under The Radar

With a price-to-earnings (or "P/E") ratio of 21.5x Canadian Utilities Limited ( TSE:CU ) may be sending bearish signals...
Narrative Update Dec 10

CU: Incremental Rate Benefits Will Support Defensive Profile Amid Fair Valuation

Analysts have nudged their price target for Canadian Utilities modestly higher, reflecting a series of incremental target increases across the Street to roughly C$41 to C$44, as they cite resilient regulated utility performance despite a more volatile macro and rate backdrop. Analyst Commentary Bullish analysts see the steady drumbeat of price target increases, from the low C$40s to the mid C$40s, as validation that Canadian Utilities execution in its regulated businesses is tracking at or slightly ahead of expectations.
Narrative Update Nov 26

CU: Regulated Segment Performance And New Rate Impact Will Support Defensive Position

Canadian Utilities’ average analyst price target saw a modest increase to approximately C$41.43, with analysts citing stable outlooks for regulated utilities. Recent target hikes reflect expectations for steady earnings and defensive positioning amid ongoing sector volatility.
Narrative Update Nov 12

CU: Earnings Stability And Regulated Strength Will Offset Near-Term Market Volatility

Analysts have increased their average price target for Canadian Utilities from C$40.14 to C$41.43. They cite solid regulated results and modest improvements in revenue growth, despite ongoing market volatility.
Analysis Article Nov 06

Canadian Utilities (TSE:CU) Has Some Difficulty Using Its Capital Effectively

What underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...
Analysis Article Jul 17

Canadian Utilities (TSE:CU) Is Due To Pay A Dividend Of CA$0.4577

The board of Canadian Utilities Limited ( TSE:CU ) has announced that it will pay a dividend of CA$0.4577 per share on...
Analysis Article Jul 10

Does Canadian Utilities (TSE:CU) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
User avatar
New Narrative Jun 29

CAD 58 Billion Investment Will Expand Alberta Energy Infrastructure

Significant investments in regulated utility assets and infrastructure support steady revenue growth and resilience, driven by rising demand and a gradual energy transition.
Analysis Article Jun 14

Returns On Capital At Canadian Utilities (TSE:CU) Paint A Concerning Picture

When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics...

Shareholder Returns

CUCA Integrated UtilitiesCA Market
7D1.8%1.2%-0.2%
1Y31.6%11.5%32.6%

Return vs Industry: CU exceeded the Canadian Integrated Utilities industry which returned 11.5% over the past year.

Return vs Market: CU underperformed the Canadian Market which returned 32.6% over the past year.

Price Volatility

Is CU's price volatile compared to industry and market?
CU volatility
CU Average Weekly Movement2.4%
Integrated Utilities Industry Average Movement2.7%
Market Average Movement10.3%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.9%

Stable Share Price: CU has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CU's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19278,632Bob Myleswww.canadianutilities.com

Canadian Utilities Limited, together with its subsidiaries, engages in the electricity, natural gas, renewables, pipelines, and liquids businesses in Canada, Australia, and internationally. It operates through ATCO Energy Systems, ATCO EnPower, ATCO Australia, and Financing & Other segments. The ATCO Energy Systems segment provides regulated electricity transmission and distribution services in northern and central east Alberta, the Yukon, the Northwest Territories, and in the Lloydminster area of Saskatchewan; and international electricity services, as well as offers integrated natural gas transmission and distribution services throughout Alberta and in the Lloydminster area of Saskatchewan.

Canadian Utilities Limited Fundamentals Summary

How do Canadian Utilities's earnings and revenue compare to its market cap?
CU fundamental statistics
Market capCA$13.36b
Earnings (TTM)CA$30.00m
Revenue (TTM)CA$3.69b
451.0x
P/E Ratio
3.7x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CU income statement (TTM)
RevenueCA$3.69b
Cost of RevenueCA$1.10b
Gross ProfitCA$2.59b
Other ExpensesCA$2.56b
EarningsCA$30.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin70.13%
Net Profit Margin0.81%
Debt/Equity Ratio179.2%

How did CU perform over the long term?

See historical performance and comparison

Dividends

3.7%
Current Dividend Yield
1,664%
Payout Ratio

Does CU pay a reliable dividends?

See CU dividend history and benchmarks
When do you need to buy CU by to receive an upcoming dividend?
Canadian Utilities dividend dates
Ex Dividend DateMay 07 2026
Dividend Pay DateJun 01 2026
Days until Ex dividend15 days
Days until Dividend pay date10 days

Does CU pay a reliable dividends?

See CU dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 21:24
End of Day Share Price 2026/05/21 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Canadian Utilities Limited is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ross FowlerBarclays
Benjamin PhamBMO Capital Markets Equity Research
Robert HastingsCanaccord Genuity