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StockVS

TSX · Utilities - Diversified · CAD

Canadian Utilities Limited (CU.TO) Stock Analysis

Canadian Utilities Limited (CU.TO) is a Utilities - Diversified stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

CU.TO

CA$48.75

+CA$0.06 (+0.12%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CU.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$48.59
Previous Close
CA$48.69
Day's Range
48.36–49.37
52-Week Range
38.88–56.90
Volume
485.01K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.57
Valuation
Market Cap
CA$13.28B
P/E Ratio
304.69
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
17.60
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.64
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.53
EPS (ttm)Profit attributable to each share over the last twelve months.
0.16
Financials (FY)
Revenue (FY)
CA$3.69B−1.39%
Net Income (FY)
CA$119.00M−75.21%
Profit marginThe share of revenue left as profit after all costs and taxes.
3.30%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
205.73M
1-Year Return
+26.82%
Dividend and dates
Dividend
CA$1.85+3.80%
Ex-Dividend Date
November 5, 2026
Earnings Date
November 6, 2026
Avg Volume
684.40K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, CU.TO closed at CA$48.75, +26.82% over 1 year.

Canadian Utilities Limited (CU.TO) has a market capitalization of CA$13.28B.

In fiscal 2025, CU.TO reported revenue of CA$3.69B.

CU.TO Stock Return by Calendar Year

Canadian Utilities Limited (CU.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$12,682
+26.82%
5 years
CA$10,000 CA$17,871
+78.71%
10 years
CA$10,000 CA$21,021
+110.21%

If you had invested CA$10,000 in Canadian Utilities Limited (CU.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$21,021 at the close on October 21, 2026: +110.21% in total, +7.71% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+17.38%
2025+28.76%
2024+15.61%
2023−8.23%
2022+4.73%
2021+24.14%
2020−16.53%
2019+31.01%
2018−12.18%
2017+7.28%
2016 (partial year)−8.08%

As of October 21, 2026.

CU.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$3.69BCA$119.00M3.2%
2024CA$3.74BCA$480.00M12.8%
2023CA$3.80BCA$707.00M18.6%
2022CA$4.05BCA$632.00M15.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$3.69BCA$2.60BCA$834.00MCA$119.00M3.2%
2024CA$3.74BCA$2.60BCA$1.36BCA$480.00M12.8%
2023CA$3.80BCA$2.57BCA$1.38BCA$707.00M18.6%
2022CA$4.05BCA$2.73BCA$1.65BCA$632.00M15.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

CU.TO Dividend History

CA$1.83+1.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$1.393—
2025CA$1.834+1.1%
2024CA$1.814+0.9%
2023CA$1.804+1.1%
YearDividends per sharePaymentsChange
2026 (partial year)CA$1.393—
2025CA$1.834+1.1%
2024CA$1.814+0.9%
2023CA$1.804+1.1%
2022CA$1.784+0.9%
2021CA$1.764+1.1%
2020CA$1.744+2.8%
2019CA$1.694+7.6%
2018CA$1.574+9.8%
2017CA$1.434+340.6%
2016CA$0.331—

Most recent payment: CA$0.46 per share, ex-dividend August 6, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

CU.TO Valuation vs Utilities - Diversified Median

Median of 7 stocks
MetricCU.TOUtilities - Diversified medianvs median
P/E304.6922.1313.8x the median
P/S ratio3.531.61119% above
Profit margin3.30%9.49%6.2 pts below

Medians across 7 Utilities - Diversified stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Canadian Utilities Limited (CU.TO) is capitalised at CA$13.28B on the latest close. It is classified in the Utilities - Diversified industry, within the Utilities sector. Headcount on file is 8,632.

The most recent close on file for CU.TO is CA$48.75, dated October 21, 2026. That is +CA$0.06 (+0.12%) against the previous close. The 52-week range on file runs from CA$38.88 to CA$56.90. The latest close sits 25.39% above that 52-week low.

Financial Health

In fiscal 2025, Canadian Utilities Limited reported revenue of CA$3.69B. That is −1.39% against the prior fiscal year, when revenue was CA$3.74B. Net income for the same year was CA$119.00M. That is −75.21% against the prior fiscal year. The reported profit margin is 3.3%. That is 6.2 percentage points below the Utilities - Diversified median of 9.49%. Trailing earnings per share are 0.16.

Across the 4 fiscal years on file, revenue moves from CA$4.05B in 2022 to CA$3.69B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 304.69 times earnings. That is 13.8 times the Utilities - Diversified median of 22.13. On forward earnings the ratio is 17.6. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.64. The price-to-sales ratio is 3.53. On price-to-sales that is 119.07% above the Utilities - Diversified median of 1.61. The medians here are taken across 7 Utilities - Diversified companies that report the metric.

The trailing one-year total return is +26.82%. Measured over 10 years, that is +7.71% a year compounded. The reported beta is 0.57. Annualized volatility over the trailing 10 years is 18.54%.

Growth & Income

Shareholders receive a dividend, yielding 3.8% on the latest price. That is 0.9 percentage points below the Utilities - Diversified median yield of 4.7%. The indicated annual rate is CA$1.85 a share. The ex-dividend date on file is November 5, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$1.39 a share. The year before, 2025, totalled CA$1.83 a share.

So far in 2026 the total return is +17.38%. Across the complete calendar years on file, 2019 returned +31.01% and 2020 returned −16.53%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Canadian Utilities Limited (CU.TO) operates in the Utilities - Diversified industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Canadian Utilities Limited CU.TO CA$13.28B 304.7
Sempra SRE $54.60B 24.1
Brookfield Infrastructure Partners L.P. BIP $29.38B 59.9
The AES Corporation AES $10.68B 5.6

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Utilities - Diversified industry average P/E ratio is 22.1x. Canadian Utilities Limited trades at a P/E of 304.7.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Canadian Utilities Limited

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. The ATCO EnPower segment provides electricity generation, natural gas storage, industrial water solutions, and related infrastructure development throughout Alberta, the Northwest Territories, Ontario, Mexico, and Chile. The ATCO Australia segment offers regulated natural gas distribution services in Western Australia and electricity generation services. It also provides home maintenance solutions. It has a strategic alliance with AltaLink to complete central east transfer-out project. The company was incorporated in 1927 and is headquartered in Calgary, Canada. Canadian Utilities Limited is a subsidiary of ATCO Ltd.

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