Hydro One Limited (TSE:H - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$45.48 and traded as low as C$44.90. Hydro One shares last traded at C$45.19, with a volume of 746,765 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Raymond James raised their price target on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. BMO Capital Markets lifted their price objective on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Royal Bank of Canada lifted their price objective on Hydro One from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research note on Thursday, October 3rd. CIBC lifted their price objective on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Finally, National Bankshares lifted their price objective 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. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$43.00.
Get Our Latest Stock Analysis on Hydro One
Hydro One Stock Performance
The company has a market cap of C$27.09 billion, a PE ratio of 24.17, a P/E/G ratio of 3.17 and a beta of 0.34. 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 business has a fifty day moving average of C$45.48 and a 200-day moving average of C$42.78.
Hydro One Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.314 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.78%. Hydro One's payout ratio is 67.38%.
Hydro One Company Profile
(
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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.
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