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.

CU.TO

CA$50.91

+CA$0.33 (+0.65%)

Sep 4, 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 Sep 4, 2026

Trading

Open: CA$50.52
Previous Close: CA$50.58
Day's Range: 50.00–51.12
52-Week Range: 37.13–56.90
Volume: 795.50K
Beta: 0.58

Valuation

Market Cap: CA$13.86B
P/E Ratio: 318.19
Forward P/E: 18.34
PEG Ratio: 2.64
P/S ratio: 3.69
EPS (ttm): 0.16

Financials (FY)

Revenue (FY): CA$3.69B−1.39%
Net Income (FY): CA$119.00M−75.21%
Profit margin: 3.30%
Shares Outstanding: 205.73M
1-Year Return: +39.19%

Dividend and dates

Dividend: CA$1.85+3.66%
Ex-Dividend Date: August 6, 2026
Earnings Date: November 6, 2026
Avg Volume: 581.11K

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

CU.TO Stock Return by Calendar Year

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

+31.01%−16.53%+22.58%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+22.58%
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 September 4, 2026.

CU.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$3.69B	CA$119.00M	3.2%
2024	CA$3.74B	CA$480.00M	12.8%
2023	CA$3.80B	CA$707.00M	18.6%
2022	CA$4.05B	CA$632.00M	15.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$3.69B	CA$2.60B	CA$834.00M	CA$119.00M	3.2%
2024	CA$3.74B	CA$2.60B	CA$1.36B	CA$480.00M	12.8%
2023	CA$3.80B	CA$2.57B	CA$1.38B	CA$707.00M	18.6%
2022	CA$4.05B	CA$2.73B	CA$1.65B	CA$632.00M	15.6%

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

CU.TO Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

CA$1.83+1.1% vs 2024

Dividends per share, 2025 · 4 payments

Year	Dividends per share	Payments	Change
2026*	CA$1.39	3	—
2025	CA$1.83	4	+1.1%
2024	CA$1.81	4	+0.9%
2023	CA$1.80	4	+1.1%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$1.39	3	—
2025	CA$1.83	4	+1.1%
2024	CA$1.81	4	+0.9%
2023	CA$1.80	4	+1.1%
2022	CA$1.78	4	+0.9%
2021	CA$1.76	4	+1.1%
2020	CA$1.74	4	+2.8%
2019	CA$1.69	4	+7.6%
2018	CA$1.57	4	+9.8%
2017	CA$1.43	4	+340.6%
2016	CA$0.33	1	—

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

Metric	CU.TO	Utilities - Diversified median	vs median
P/E	318.19	23.63	13.5x the median
P/S ratio	3.69	1.64	124% above
Profit margin	3.30%	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 September 4, 2026.

Analysis

Data-derived

Company Overview

Canadian Utilities Limited (CU.TO) is capitalised at CA$13.86B 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$50.91, dated September 4, 2026. That is +CA$0.33 (+0.65%) against the previous close. The 52-week range on file runs from CA$37.13 to CA$56.90. The latest close sits 37.11% 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 318.19 times earnings. That is 13.5 times the Utilities - Diversified median of 23.63. On forward earnings the ratio is 18.34. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.64. The price-to-sales ratio is 3.69. On price-to-sales that is 124.49% above the Utilities - Diversified median of 1.64. The medians here are taken across 7 Utilities - Diversified companies that report the metric.

The trailing one-year price return is +39.19%. Measured over 10 years, that is +7.97% a year compounded. The reported beta is 0.58. Annualized volatility over the trailing 10 years is 18.46%.

Growth & Income

Shareholders receive a dividend, yielding 3.66% on the latest price. That is 1 percentage points below the Utilities - Diversified median yield of 4.64%. The indicated annual rate is CA$1.85 a share. The ex-dividend date on file is August 6, 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 price is +22.58%. 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$13.86B	318.2
Sempra	SRE	CA$54.95B	24.5
Brookfield Infrastructure Partners L.P.	BIP	CA$29.40B	59.9
The AES Corporation	AES	CA$10.55B	5.5

The Utilities - Diversified industry average P/E ratio is 23.6x. Canadian Utilities Limited trades at a P/E of 318.2.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 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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