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Weekly 52-Week Low (or 52-Week High): BAM-T, IAG-T, ONC-T, CCB-X and More 52-Week Highs and Lows (Oct 02-08)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)This summary was created by AI, based on 3 opinions in the last 12 months.
The stock of Canadian Utilities has experienced a drop due to the overall sector's sensitivity to rising interest rates. However, with interest rates stabilizing, the stock has shown signs of recovery. The company is considered a good option for income, with a safe dividend. Some experts recommend holding onto the stock despite the sell-off, while others suggest better growth opportunities in alternative stocks such as AQN, FTS, and BIP.UN.
It has broken out and looks good so far. Utilities tend to move when the market goes risk off but the market is risk on again
It is primarily Alberta focused. He prefers Fortis with a strong Return on Capital. Rates should come down and income names should do better.
Low to almost-no growth, interest-rate sensitive. Likes the sector in general, should do well as rates come down over time (probably faster in Canada). So any stock in the sector should get some bump in price, along with the dividend, so you should get a reasonable return.
Likes the recurring revenue and steady revenue streams. One of the more profitable utilities in Canada. Pretty strong balance sheet. Good dividend yield. However, he'd look at TRP instead for more attractive valuation and higher yield.
Not sure why stock's dropped. Group as a whole has pulled back because of rising interest rates. With interest rates stabilizing in the past month, stock's played catch up. Good sector for income, dividend safe. FTS is her core utility name.
The sector is fairly interest-rate sensitive, so it's sold off. Nothing wrong with it, so you can hold if you own it. But better opportunities such as AQN, FTS, and BIP.UN, and it all has to do with their growth outlook.
Editor's Note: The question was on his preference between T and CU. Total revenue at Telus was up 16% and the capex is down which is good. It is pricey at 25X. CU is a low risk utility and has a very nice dividend and price. Since it has low growth he prefers Telus.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There is no news that would account for the correction. Dividend stocks may see some weakness if there are rate fears. The stock also fell below its 50-day moving average so this may have caused some technical selling. Unlock Premium - Try 5i Free
They're focused on Alberta. Likes it. They've transitioned well to having more regulated cash flows, but there's less growth than Northland Power or Boralex, but CU has a cheaper PE. It's a steady eddy.
He likes utilities; defensive and paying good dividends in a low rate environment. CU depends on Alberta, which is challenged by oil. He prefers Fortis and Boralex, Innergex and AQN-T, which will maintain or increase current stock levels. If you own this, hold it and wait for a recovery; the dividend is safe.
Canadian Utilities is a Canadian stock, trading under the symbol CU-T on the Toronto Stock Exchange (CU-CT). It is usually referred to as TSX:CU or CU-T
In the last year, 4 stock analysts published opinions about CU-T. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Utilities.
Canadian Utilities was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Utilities.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Canadian Utilities In the last year. It is a trending stock that is worth watching.
On 2024-10-11, Canadian Utilities (CU-T) stock closed at a price of $35.59.
With rates moving lower, we should be looking at utilities in general. Stock's topped out in last couple of weeks, could be a near-term ceiling. In terms of LNG demand strengthening over time, he'd prefer names like ENB or TRP. Those names are larger and have more sustainable dividend growth.