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

Hydro One Limited (TSE:H) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$39.83.

H has been the topic of a number of recent analyst reports. National Bankshares boosted their price objective on shares of Hydro One from C$38.00 to C$39.00 in a report on Wednesday, May 15th. Scotiabank cut their price objective on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, CIBC boosted their price objective on shares of Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a report on Wednesday, May 15th.

Hydro One Stock Down 0.4 %

Shares of TSE H opened at C$39.68 on Wednesday. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$41.69. The firm has a fifty day moving average of C$39.62 and a 200-day moving average of C$39.65. The stock has a market capitalization of C$23.79 billion, a PE ratio of 21.68, a P/E/G ratio of 2.90 and a beta of 0.29. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 141.04.

Hydro One (TSE:H) last posted its earnings results on Tuesday, May 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$2.17 billion for the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. On average, analysts anticipate that Hydro One will post 1.9169847 EPS for the current year.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a $0.314 dividend. This is a boost from Hydro One’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, June 12th. This represents a $1.26 annualized dividend and a yield of 3.17%. Hydro One’s dividend payout ratio is 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.