Hydro One Limited (TSE:H - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$44.58 and traded as high as C$46.92. Hydro One shares last traded at C$46.67, with a volume of 885,716 shares.
Analyst Ratings Changes
A number of analysts have commented on H shares. Scotiabank boosted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. CIBC lifted their target price on Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised their price target on shares of Hydro One from C$43.00 to C$46.00 in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$45.43.
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Hydro One Price Performance
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's fifty day moving average price is C$44.79 and its two-hundred day moving average price is C$45.09. The company has a market cap of C$28.37 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 3.17 and a beta of 0.34.
Hydro One Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.3142 per share. This is a boost from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, March 12th. Hydro One's dividend payout ratio (DPR) is presently 66.44%.
Insider Buying and Selling
In related news, Director Stacey Mowbray acquired 700 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now directly owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by company 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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