Hydro One Limited (TSE:H) Given Consensus Rating of "Hold" by Analysts

Shares of Hydro One Limited (TSE:H - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$43.00.

H has been the topic of several research analyst reports. National Bankshares boosted their target price on Hydro One from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted 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 research report on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th. Raymond James increased their price target on shares of Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Finally, BMO Capital Markets lifted their price objective on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th.

Hydro One Trading Down 0.0 %

Shares of Hydro One stock traded down C$0.01 on Friday, hitting C$45.79. The stock had a trading volume of 797,375 shares, compared to its average volume of 992,084. 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 has a one year low of C$37.04 and a one year high of C$48.05. The stock's 50-day simple moving average is C$45.30 and its two-hundred day simple moving average is C$43.04. The stock has a market cap of C$27.45 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

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 given a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One's dividend payout ratio (DPR) is 67.38%.

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.