Hydro One Limited (TSE:H) Receives C$43.25 Average Price Target from Brokerages

Hydro One Limited (TSE:H - Get Free Report) has received an average rating of "Hold" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$43.25.

Several equities research analysts recently commented on H shares. CIBC lifted their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price objective on shares of 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.

Hydro One Price Performance

Shares of Hydro One stock traded up C$0.55 on Friday, reaching C$44.20. 1,023,803 shares of the stock were exchanged, compared to its average volume of 754,090. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The firm's 50 day moving average is C$44.61 and its 200-day moving average is C$44.14. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The firm has a market cap of C$26.50 billion, a PE ratio of 23.64, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One's payout ratio is 67.38%.

Insider Transactions at Hydro One

In related news, Director Stacey Mowbray acquired 700 shares of the stock in a transaction on Monday, December 23rd. The stock was 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 transaction, the director now owns 700 shares of the company's stock, valued at C$30,818.20. This trade represents a ∞ increase in their position. Insiders own 47.12% of the company's stock.

About Hydro One

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.