Brokerages Set Hydro One Limited (TSE:H) Target Price at C$43.00

Hydro One Limited (TSE:H) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$43.00.

A number of analysts have recently issued reports on H shares. BMO Capital Markets raised their price objective on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Royal Bank of Canada raised their price target on 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. Finally, Raymond James upped their price objective on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th.

Hydro One Stock Down 0.2 %

TSE:H opened at C$44.43 on Wednesday. The firm has a market capitalization of C$26.63 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. Hydro One has a twelve month low of C$37.27 and a twelve month high of C$48.05. The stock’s 50 day moving average price is C$45.05 and its two-hundred day moving average price is C$43.67.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.314 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. Hydro One’s payout ratio is currently 67.38%.

Insider Buying and Selling at Hydro One

In other news, Director Stacey Mowbray purchased 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ∞ increase in their position. Company insiders own 47.12% of the company’s stock.

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.