Hydro One Limited (TSE:H) Given Average Recommendation of "Hold" by Brokerages

Shares of Hydro One Limited (TSE:H - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is C$43.00.

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Royal Bank of Canada boosted their target price 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. National Bankshares raised their price target on Hydro One from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. CIBC upped their price objective on Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets increased their target price on shares of Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th.

Hydro One Trading Up 0.6 %

Shares of H stock traded up C$0.28 on Tuesday, hitting C$44.69. The stock had a trading volume of 528,529 shares, compared to its average volume of 1,009,570. The company's 50 day moving average price is C$45.68 and its 200-day moving average price is C$42.23. Hydro One has a 1 year low of C$37.04 and a 1 year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The firm has a market capitalization of C$26.79 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One (TSE:H - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. The firm had revenue of C$2.03 billion for the quarter. Analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were given a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.81%. Hydro One's dividend payout ratio is presently 67.38%.

Hydro One Company Profile

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.