Hydro One Limited (TSE:H) Announces $0.31 Quarterly Dividend

Hydro One Limited (TSE:H - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, December 11th will be paid a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, December 11th.

Hydro One Stock Up 0.3 %

Shares of H traded up C$0.15 during midday trading on Friday, hitting C$44.61. 460,046 shares of the company's stock traded hands, compared to its average volume of 1,004,502. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a market capitalization of C$26.74 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 1 year low of C$37.04 and a 1 year high of C$48.05. The firm's fifty day moving average is C$45.66 and its 200-day moving average is C$42.33.

Hydro One (TSE:H - Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating analysts' consensus estimates of C$0.48 by C$0.01. The firm had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. As a group, sell-side analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on H shares. Wells Fargo & Company lifted their price target on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Royal Bank of Canada lifted their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 3rd. 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. CIBC upped their price objective on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Finally, National Bankshares increased their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One presently has a consensus rating of "Hold" and an average target price of C$43.00.

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.