Brokerages Set Hydro One Limited (TSE:H) PT at C$43.00

Hydro One Limited (TSE:H) has received an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have covered the stock in the last year is C$43.00.

Several equities analysts have issued reports on the company. Raymond James boosted their price target on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Royal Bank of Canada increased their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.

Insider Transactions at Hydro One

In other news, Director Stacey Mowbray purchased 700 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company’s stock.

Hydro One Stock Performance

H stock opened at C$44.43 on Wednesday. The firm has a market cap of C$26.63 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a 50-day moving average price of C$45.05 and a 200-day moving average price of C$43.67. Hydro One has a 1-year low of C$37.27 and a 1-year high of C$48.05.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, December 11th. Hydro One’s dividend payout ratio is currently 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.