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

Hydro One Limited (TSE:H - Get Free Report) has received an average recommendation of "Hold" from the eight ratings firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$43.00.

Several brokerages recently commented on H. Raymond James upped their price target on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Royal Bank of Canada increased their target price on 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, BMO Capital Markets lifted their price target on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th.

Insider Transactions at Hydro One

In other Hydro One news, Director Stacey Mowbray purchased 700 shares of the firm's stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the purchase, the director now directly owns 700 shares of the company's stock, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by corporate insiders.

Hydro One Price Performance

TSE:H traded up C$0.32 during trading hours on Wednesday, reaching C$44.51. 264,422 shares of the company's stock were exchanged, compared to its average volume of 1,016,278. The company has a market capitalization of C$26.68 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 12 month low of C$37.27 and a 12 month high of C$48.05. The business's 50-day simple moving average is C$45.06 and its two-hundred day simple moving average is C$43.59. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, December 11th. Hydro One's dividend payout ratio (DPR) 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.