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.
CU vs. H Hydro One had serious issues, but a decent dividend. If he had to pick one right now, he'd pick CU. Looks a bit steadier. Hydro One is in nosebleed territory, and looks as though it's starting to come off. CU is consolidating, and looks to go higher short-term. $35 is a good stop level to sell CU, $22 for Hydro One.
These names are interest sensitive. It is the yield that makes them interest sensitive. Be cautious about your total exposure to interest sensitives.
It tends to bottom as the market is topping. It has a good yield and is low risk. (Analysts’ target: $36.86).
This is an interest-sensitive stock. It is currently selling at its model price. The dividend is covered by earnings. He is positive on the stock. The stock has come down a fair bit and is at a good-looking point for buying. If it does go down further, to $31, he would see a warning that the stock is going to go lower. However, there is no sign of that here, yet.
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, 2 stock analysts published opinions about CU-T. 0 analysts recommended to BUY the stock. 0 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.
2 stock analysts on Stockchase covered Canadian Utilities In the last year. It is a trending stock that is worth watching.
On 2022-07-07, Canadian Utilities (CU-T) stock closed at a price of $38.47.
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