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

Shares of Hydro One Limited (TSE:H) have earned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have covered the stock in the last year is C$45.00.

Several equities research analysts recently weighed in on the stock. CIBC upped their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Scotiabank boosted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th.

Hydro One Stock Performance

Shares of H opened at C$44.97 on Thursday. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05. The company has a market cap of C$26.96 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The firm has a fifty day moving average of C$44.45 and a 200-day moving average of C$44.84.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.314 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. Hydro One’s dividend payout ratio is 66.44%.

Insider Activity

In other news, Director Stacey Mowbray purchased 700 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now owns 700 shares in the company, valued at C$30,818.20. This represents a ∞ increase in their position. 47.12% of the stock is owned by corporate insiders.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.