Hydro One (TSE:H) Stock Passes Below 200 Day Moving Average - Time to Sell?

Hydro One Limited (TSE:H - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$44.34 and traded as low as C$44.03. Hydro One shares last traded at C$45.10, with a volume of 746,159 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on H shares. Royal Bank of Canada boosted their price target on Hydro One from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a report on Thursday, October 3rd. CIBC boosted their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hydro One has an average rating of "Hold" and an average target price of C$43.25.

Hydro One Stock Performance

The firm has a market capitalization of C$26.94 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The firm's 50 day moving average price is C$44.62 and its 200-day moving average price is C$44.38. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One (TSE:H - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.58 by C$0.04. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. During the same period in the prior year, the firm earned $0.59 EPS. On average, research analysts expect that Hydro One Limited will post 2.0572195 EPS for the current year.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.79%. Hydro One's dividend payout ratio (DPR) is 67.38%.

Insider Activity at Hydro One

In other Hydro One news, Director Stacey Mowbray purchased 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now owns 700 shares of the company's stock, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by insiders.

About Hydro One

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.