Hydro One Limited (TSE:H) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hydro One Limited (TSE:H) have been assigned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$43.00.

A number of equities research analysts have recently issued reports on the company. Raymond James upped their price target on Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. BMO Capital Markets upped their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. CIBC lifted their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Royal Bank of Canada upped their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on shares of Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th.

Hydro One Trading Up 0.3 %

Shares of H stock opened at C$44.61 on Tuesday. The stock has a 50 day simple moving average of C$45.65 and a 200-day simple moving average of C$42.38. Hydro One has a 1-year low of C$37.04 and a 1-year high of C$48.05. The company has a market cap of C$26.74 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30.

Hydro One (TSE:H) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. The firm had revenue of C$2.03 billion during the quarter. On average, equities research analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be paid a dividend of $0.314 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.82%. Hydro One’s payout ratio is 67.38%.

About Hydro One

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.