Hydro One Limited (TSE:H) Receives C$43.00 Consensus PT from Analysts

Hydro One Limited (TSE:H) has received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$43.00.

Several research analysts have recently issued reports on the stock. Raymond James boosted their price objective on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 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. CIBC upped their target price on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. National Bankshares upped their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company upped their target price on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th.

Hydro One Stock Performance

Shares of H opened at C$46.23 on Friday. The company’s fifty day moving average price is C$45.28 and its 200 day moving average price is C$43.11. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The company has a market capitalization of C$27.71 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given 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 2.72%. Hydro One’s payout ratio 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.