Hydro One Limited (TSE:H - Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$44.43 and traded as low as C$43.30. Hydro One shares last traded at C$43.98, with a volume of 1,426,564 shares traded.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Scotiabank upped their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. CIBC lifted their price target on Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price objective on Hydro One from C$43.00 to C$46.00 in a report on Friday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One currently has an average rating of "Hold" and an average target price of C$45.43.
Check Out Our Latest Research Report on Hydro One
Hydro One Stock Performance
The firm has a market capitalization of C$27.01 billion, a PE ratio of 23.76, a PEG ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The company has a 50-day moving average of C$44.45 and a 200 day moving average of C$44.93.
Hydro One Announces Dividend
The firm also recently disclosed 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 annualized dividend 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 other Hydro One news, Director Stacey Mowbray bought 700 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the transaction, the director now directly owns 700 shares in the company, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by insiders.
About Hydro One
(
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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.
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