Hydro One Limited (TSE:H) Receives C$39.89 Average PT from Analysts

Shares of Hydro One Limited (TSE:H) have earned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$39.78.

A number of equities analysts have recently issued reports on H shares. Royal Bank of Canada upped their price objective on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Raymond James upped their price objective on Hydro One from C$40.00 to C$41.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. TD Securities upped their price objective on Hydro One from C$37.00 to C$39.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. Finally, CIBC cut their price objective on Hydro One from C$40.00 to C$39.00 and set a “neutral” rating for the company in a report on Friday.

Hydro One Price Performance

Hydro One stock opened at C$37.80 on Friday. Hydro One has a 52 week low of C$32.79 and a 52 week high of C$41.69. The business has a 50-day simple moving average of C$39.98 and a 200 day simple moving average of C$38.77. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The stock has a market cap of C$22.65 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.90 and a beta of 0.31.

Hydro One (TSE:H) last posted its earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The business had revenue of C$1.98 billion during the quarter. On average, research analysts forecast that Hydro One will post 1.9103751 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, March 12th. Hydro One’s dividend payout ratio is presently 65.75%.

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.