Hydro One (TSE:H) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

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$44.92 and traded as low as C$44.24. Hydro One shares last traded at C$44.27, with a volume of 542,767 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Raymond James boosted their price target on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. BMO Capital Markets raised their target price on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Finally, Royal Bank of Canada boosted their price target 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. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One currently has a consensus rating of "Hold" and a consensus target price of C$43.00.

Hydro One Stock Down 0.2 %

The company's fifty day simple moving average is C$44.89 and its 200-day simple moving average is C$43.81. The firm has a market capitalization of C$26.49 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One's dividend payout ratio (DPR) is presently 67.38%.

Insiders Place Their Bets

In other news, Director Stacey Mowbray bought 700 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The shares were 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 directly owns 700 shares in the company, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. Corporate insiders own 47.12% of the company's stock.

About Hydro One

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.