Hydro One Limited (TSE:H) Given Consensus Recommendation of “Hold” by Analysts

Hydro One Limited (TSE:H) has been given an average rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is C$43.00.

H has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. National Bankshares raised their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Royal Bank of Canada upped their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. CIBC lifted their target price on shares of Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.

Hydro One Stock Up 0.5 %

Hydro One stock opened at C$46.02 on Friday. The firm has a market capitalization of C$27.59 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 3.14 and a beta of 0.34. The firm’s fifty day moving average price is C$45.35 and its two-hundred day moving average price is C$41.71. Hydro One has a 1-year low of C$33.91 and a 1-year high of C$48.05. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11.

Hydro One (TSE:H) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The business had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. On average, equities research analysts predict that Hydro One will post 1.9902525 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were paid a dividend of $0.314 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.73%. Hydro One’s payout ratio is currently 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.