Hydro One Limited (TSE:H) Director Stacey Mowbray Purchases 700 Shares

Hydro One Limited (TSE:H - Get Free Report) Director Stacey Mowbray acquired 700 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now owns 700 shares of the company's stock, valued at C$30,818.20. The trade was a ∞ increase in their ownership of the stock.

Hydro One Stock Performance

Shares of TSE:H traded down C$0.02 during trading on Monday, hitting C$44.19. The stock had a trading volume of 898,516 shares, compared to its average volume of 1,019,310. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. Hydro One Limited has a 12-month low of C$37.27 and a 12-month high of C$48.05. The stock has a market capitalization of C$26.49 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The stock has a 50-day simple moving average of C$45.05 and a two-hundred day simple moving average of C$43.56.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.314 dividend. This represents a $1.26 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One's payout ratio is 67.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on H shares. Raymond James lifted their price target on shares of Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Royal Bank of Canada lifted their target price on Hydro One from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets upped their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$43.00.

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.