Brokerages Set Hydro One Limited (TSE:H) Target Price at C$43.25

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$45.00.

Several equities research analysts recently commented on H shares. Scotiabank boosted their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday. CIBC upped their price target on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Insiders Place Their Bets

In related news, Director Stacey Mowbray acquired 700 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company’s stock.

Hydro One Price Performance

Shares of Hydro One stock opened at C$44.97 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. The business’s fifty day moving average price is C$44.48 and its 200 day moving average price is C$44.82. The stock has a market capitalization of C$26.96 billion, a P/E ratio of 23.71, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a twelve month low of C$37.27 and a twelve month high of C$48.05.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One’s dividend payout ratio is presently 66.44%.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.