Earnings
January 28, 2020 - KBL
New! K-Bro Linen Inc. Q3-2019 Earnings, Price Target Update .....
January 26, 2020 - FSZ
New! Fiera Capital Corp. - Q3-2019 Earnings, Price Target Upate .....
January 26, 2020 - SJR.B
New! Shaw Communications Inc. Q1-2020 Earnings & Price Target Forecast .....
January 23, 2020 - RCI.B
Rogers Communications Inc. 2019 Earnings & Price Target Update .....
January 22, 2020 - REI.UN
RioCan REIT- Q3-2019 Earnings & Price Target Update .....
January 21, 2020 - GH
Gamehost Inc. - Q3-2019 Earnings, Price Target Update .....
January 17, 2020 - FCD.UN
Firm Capital Property Trust: Q3-2019 Earnings, Price Target Update .....
January 17, 2020 - CNR
Canadian National Railway Co. Q3-2019 Earnings, Price Target .....
Recommendation Changes
IVQ.U, BPY.UN, SLF, CHW, NA, more...

Canadian Utilities Ltd Q2-2019 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Canadian Utilities Limited (CU) with assets of $22B is mainly engaged in electricity generation and distribution and natural gas pipelines and distribution primarily in Western Canada, with presence in Australia and Mexico. The Electricity segment (electricity generation, transmission, and distribution and Pipelines & Liquids segment (natural gas transmission, distribution and infrastructure development, energy storage, and industrial water solutions); The electricity segment contributes approximately 60% of adjusted net earnings with the balance from Pipeline and Liquids. They are in the process of selling $2.8B of power generation assets, mainly natural gas and coal fired facilities in Alberta.

They have the longest track record of dividend increases at 47 for any Canadian publicly traded company. Recent major assets dispositions include the Alberta Power Line in Jun-2019 for $1.8B; their entire Canadian fossil fuel-based electricity generation portfolio mainly located in Alberta for $835M expected to close in Q4-2019: a 50% interest in the Ontario based Brighton Beach Power JV and their 50% interest in the Cory Generation facility to SaskPower International. The total value of assets sold is estimated at $2.8B including $2B of debt to be assumed.

Canadian Utilities Ltd is 52% owned by Atco Ltd.(ACO.A,B). Class A shareholders are entitled to exchange their shares for Class B shares if ATCO Ltd., the controlling share owner, ceases to own or control, more than 10M of Class B shares. As of Dec-31-2018 there are 194M Class A shares and 73.8M Class B shares. The Class A shares are non-voting shares.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
January 24, 2020
New! Coverage Universe - Weekly Price Change: Jan 17-24, 2020
January 17, 2020
Coverage Universe - Weekly Price Change: Jan 10-17, 2020
January 10, 2020
Coverage Universe - Weekly Price Change: Jan 3-Jan 10, 2020
January 4, 2020
Coverage Universe - Weekly Price Change: Dec 27, 2019 - Jan 3, 2020
December 28, 2019
Coverage Universe - Weekly Price Change: Dec 20-27, 2019
December 20, 2019
Coverage Universe - Weekly Price Change: Dec 13-20, 2019
December 13, 2019
Coverage Universe - Weekly Price Change: Dec 6-13, 2019
December 6, 2019
Coverage Universe - Weekly Price Change: Nov 29-Dec 6, 2019