Canadian Utilities (TSX:CU) is the original Dividend King. While there are now two on the TSX today, this stock has long been the top dog. However, the last year or two has been a bit rough for Canadian Utilities stock.
While the world over continues to need utilities, the company has seen shares shrink amidst rising costs and interest rates. Today, with things getting back to normal, is Canadian Utilities stock a buy, sell, or hold when it comes to passive income?
Utility stocks on the rebound
First off, let’s look at energy and utility stocks in general. There were a lot of costs that came under pressure during the last two years. However, with interest rates looking like they should come down, analysts are predicting that utility stocks like Canadian Utilities stock should see an increase in share price.
In particular, however, one analyst stated they wanted to see the ability of a company like Canadian Utilities stock to…
