Hydro One (TSE:H) Shares Cross Below Fifty Day Moving Average of $39.54

Shares of Hydro One Limited (TSE:H) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$39.54 and traded as low as C$39.53. Hydro One shares last traded at C$39.85, with a volume of 2,124,885 shares changing hands.

Analyst Ratings Changes

H has been the topic of a number of research reports. Scotiabank cut their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. National Bankshares raised their price objective on Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th. Finally, CIBC upped their target price on Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$39.83.

Hydro One Stock Performance

The company has a 50 day moving average of C$39.54 and a 200 day moving average of C$39.64. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 141.04. The firm has a market cap of C$23.89 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.90 and a beta of 0.29.

Hydro One (TSE:H) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.17 billion for the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. As a group, equities research analysts expect that Hydro One Limited will post 1.9169847 EPS for the current fiscal year.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.314 dividend. This is a positive change from Hydro One’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.26 annualized dividend and a dividend yield of 3.15%. Hydro One’s dividend payout ratio (DPR) is presently 68.85%.

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.