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Canadian Utilities (TSX:CU) is a Calgary-based company that is engaged in the electricity, natural gas, and retail energy businesses in the United States, Australia, and around the world. Today, I want to explore what makes this top utility stock stand out compared to its peers on the S&P/TSX Composite Index. Let’s jump in.
How has Canadian Utilities stock performed over the past two years?
Canadian Utilities stock has increased 0.83% month over month as of close on Wednesday, January 17, 2024. Shares of this top utility stock have plunged 16% year over year at the time of this writing. Utility stocks have been throttled in an environment that has seen the most aggressive interest rate-tightening policy since the beginning of the 2000s. Why have utility stocks struggled?
Should Canadians seek exposure to the utility space right now?
Utility stocks like Canadian Utilities, Fortis, Hydro One, and Emera…
