Hydro One (TSE:H) Stock Price Passes Above 50-Day Moving Average of $44.55

Hydro One Limited (TSE:H) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$44.55 and traded as high as C$47.46. Hydro One shares last traded at C$46.86, with a volume of 1,240,399 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Raymond James raised their price target on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. CIBC upped their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Wells Fargo & Company lifted their price objective on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. BMO Capital Markets upped their target price on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Finally, National Bankshares lifted their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$42.75.

Hydro One Stock Performance

The stock has a market cap of C$28.09 billion, a PE ratio of 25.06, a P/E/G ratio of 3.14 and a beta of 0.34. The firm’s 50-day moving average is C$44.55 and its 200 day moving average is C$41.35. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The firm had revenue of C$2.03 billion for the quarter. As a group, research analysts anticipate that Hydro One Limited will post 2.0445326 EPS for the current year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.314 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.68%. Hydro One’s dividend payout ratio (DPR) is 67.38%.

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.