Hydro One Limited (TSE:H) Declares Quarterly Dividend of $0.31

Hydro One Limited (TSE:H) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, December 11th.

Hydro One Stock Performance

H opened at C$44.46 on Friday. The firm has a market cap of C$26.65 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The business’s fifty day moving average is C$45.66 and its 200-day moving average is C$42.33. Hydro One has a 52-week low of C$37.04 and a 52-week high of C$48.05. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One (TSE:H) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating 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 business had revenue of C$2.03 billion during the quarter. Sell-side analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on H shares. BMO Capital Markets increased their price target on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Raymond James lifted their price target on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Wells Fargo & Company upped their price objective on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Royal Bank of Canada lifted 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 report on Thursday, October 3rd. Finally, CIBC upped their price target on shares of Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$43.00.

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.