Hydro One (TSE:H) Shares Pass Above 50 Day Moving Average of $44.55

Hydro One Limited (TSE:H - Get Free Report) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$44.55 and traded as high as C$47.46. Hydro One shares last traded at C$46.86, with a volume of 1,240,399 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on H shares. National Bankshares raised their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a research report on Friday, August 23rd. BMO Capital Markets raised their price objective on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. CIBC upped their target price on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Raymond James increased their target price on Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their price target on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$42.75.

Hydro One Price Performance

The company has a market capitalization of C$28.23 billion, a P/E ratio of 25.06, a PEG ratio of 3.14 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. The business has a 50 day simple moving average of C$44.55 and a 200-day simple moving average of C$41.35.

Hydro One (TSE:H - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, beating analysts' consensus estimates of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The company had revenue of C$2.03 billion for the quarter. Analysts predict that Hydro One Limited will post 2.0445326 EPS for the current fiscal year.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, September 11th. Hydro One's payout ratio is 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.