Shares of Hydro One Limited (TSE:H – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$39.54 and traded as low as C$39.53. Hydro One shares last traded at C$39.85, with a volume of 2,124,885 shares changing hands.
Analyst Ratings Changes
H has been the topic of a number of research reports. Scotiabank cut their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. National Bankshares raised their price objective on Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th. Finally, CIBC upped their target price on Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$39.83.
Get Our Latest Stock Report on H
Hydro One Stock Performance
Hydro One (TSE:H – Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The firm 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%. As a group, equities research analysts expect that Hydro One Limited will post 1.9169847 EPS for the current fiscal year.
Hydro One Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 28th were given a $0.314 dividend. This is a positive change from Hydro One’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.26 annualized dividend and a dividend yield of 3.15%. Hydro One’s dividend payout ratio (DPR) is presently 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.
See Also
- Five stocks we like better than Hydro One
- What Investors Need to Know About Upcoming IPOs
- Qualcomm Stock: AI-Powered Growth Despite Volatility
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Salesforce Stock: Meeting Recap, AI Focus, and Forecast
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Is CAVA Overextended? A Closer Look at This High-Flying Stock
Receive News & Ratings for Hydro One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydro One and related companies with MarketBeat.com's FREE daily email newsletter.