Analysts Set Hydro One Limited (TSE:H) PT at C$43.00

Shares of Hydro One Limited (TSE:H) have earned an average rating of “Hold” from the eight research firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$43.00.

A number of research firms have recently commented on H. Wells Fargo & Company raised their price target on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. BMO Capital Markets lifted their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Royal Bank of Canada increased their price target 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. Raymond James raised their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Finally, 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.

Hydro One Stock Up 0.6 %

H opened at C$44.46 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 firm has a market capitalization of C$26.65 billion, a P/E ratio of 23.78, a PEG ratio of 3.17 and a beta of 0.34. The company’s 50-day moving average is C$45.66 and its 200 day moving average is C$42.33. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30.

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 business had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. Research analysts expect 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 $0.314 dividend. 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 dividend payout ratio (DPR) is presently 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.