Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Brokerages

Hydro One Limited (TSE:H) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$43.00.

Several equities research analysts have recently commented on H shares. National Bankshares boosted 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. Royal Bank of Canada upped 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 report on Thursday, October 3rd. CIBC upped their target price on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Wells Fargo & Company upped their target price on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, BMO Capital Markets upped their target price on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th.

Hydro One Stock Performance

Shares of Hydro One stock opened at C$44.41 on Tuesday. Hydro One has a fifty-two week low of C$37.04 and a fifty-two week 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$26.62 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.17 and a beta of 0.34. The company’s 50 day moving average price is C$45.68 and its two-hundred day moving average price is C$42.19.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The company 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 analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The business also recently announced 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. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, September 11th. Hydro One’s payout ratio is 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.