Hydro One Limited (TSE:H) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Hydro One Limited (TSE:H - Get Free Report) have been given an average rating of "Hold" by the five analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$45.00.

Several analysts have recently commented on H shares. Scotiabank upped their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a report on Thursday. CIBC upped their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a report on Wednesday, January 8th.

Hydro One Price Performance

H stock traded down C$0.12 during trading on Thursday, hitting C$44.97. 588,521 shares of the company's stock traded hands, compared to its average volume of 681,695. Hydro One has a 52 week low of C$37.27 and a 52 week high of C$48.05. 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 business has a fifty day simple moving average of C$44.48 and a 200 day simple moving average of C$44.82. The stock has a market capitalization of C$26.96 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

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 dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One's payout ratio is 66.44%.

Insider Activity at Hydro One

In related news, Director Stacey Mowbray bought 700 shares of the stock in a transaction on Monday, December 23rd. The stock was bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the purchase, the director now directly 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 currently owned by 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.