Hydro One Limited (TSE:H) Receives Consensus Rating of “Hold” from Brokerages

Hydro One Limited (TSE:H) has received an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$39.83.

Several research firms have weighed in on H. National Bankshares lifted their price target on shares of Hydro One from C$38.00 to C$39.00 in a research note on Wednesday, May 15th. Scotiabank decreased their target price on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, CIBC increased their price target on Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a report on Wednesday, May 15th.

Hydro One Stock Performance

TSE:H opened at C$39.68 on Wednesday. The company has a market capitalization of C$23.79 billion, a PE ratio of 21.68, a P/E/G ratio of 2.90 and a beta of 0.29. The company has a 50 day simple moving average of C$39.62 and a two-hundred day simple moving average of C$39.65. The company has a debt-to-equity ratio of 141.04, a quick ratio of 0.30 and a current ratio of 0.63. Hydro One has a fifty-two week low of C$32.79 and a fifty-two week high of C$41.69.

Hydro One (TSE:H) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. The company had revenue of C$2.17 billion during the quarter. Research analysts anticipate that Hydro One will post 1.9169847 earnings per share for the current year.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.26 dividend on an annualized basis and a yield of 3.17%. This is an increase from Hydro One’s previous quarterly dividend of $0.30. Hydro One’s payout ratio is 68.85%.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.