Hydro One Limited (TSE:H) Receives Average Rating of “Hold” from Analysts

Shares of Hydro One Limited (TSE:H) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$43.00.

H has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. CIBC upped their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Wells Fargo & Company raised their price objective on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. BMO Capital Markets upped their target price on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Finally, Raymond James lifted their price target on shares of Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th.

Hydro One Trading Down 0.0 %

Shares of Hydro One stock opened at C$45.79 on Friday. Hydro One has a 1 year low of C$37.04 and a 1 year 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 stock has a market cap of C$27.45 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The firm has a fifty day moving average price of C$45.34 and a 200 day moving average price of C$43.02.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s payout ratio is presently 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.