National Bankshares Boosts Hydro One (TSE:H) Price Target to C$40.00

Hydro One (TSE:H) had its price objective raised by National Bankshares from C$39.00 to C$40.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

H has been the subject of a number of other reports. Scotiabank lowered their price target on shares of Hydro One from C$40.00 to C$38.00 and set a sector perform rating for the company in a report on Monday, April 22nd. CIBC increased their target price on Hydro One from C$40.50 to C$41.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$40.63.

Hydro One Price Performance

H opened at C$44.31 on Thursday. The company has a 50 day moving average of C$41.15 and a two-hundred day moving average of C$40.30. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$44.68. 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 company has a market cap of C$26.56 billion, a P/E ratio of 23.70, a P/E/G ratio of 3.14 and a beta of 0.34.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be given a $0.314 dividend. The ex-dividend date is Wednesday, September 11th. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. Hydro One’s dividend payout ratio is presently 67.38%.

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.