Hydro One Limited (TSE:H) Given Average Rating of “Hold” by Analysts

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the nine analysts that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$39.89.

A number of analysts have weighed in on H shares. Raymond James increased their price target on Hydro One from C$40.00 to C$41.00 and gave the stock a “market perform” rating in a report on Wednesday, February 14th. CIBC boosted their target price on shares of Hydro One from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Wells Fargo & Company increased their price objective on shares of Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. National Bankshares upped their price target on Hydro One from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada raised their price objective on Hydro One from C$37.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th.

Hydro One Trading Down 0.3 %

Shares of H stock opened at C$39.50 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The firm has a market capitalization of C$23.66 billion, a P/E ratio of 21.82, a P/E/G ratio of 2.90 and a beta of 0.31. Hydro One has a twelve month low of C$32.79 and a twelve month high of C$41.69. The stock’s fifty day simple moving average is C$40.39 and its 200 day simple moving average is C$38.41.

Hydro One (TSE:H) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting analysts’ consensus estimates of C$0.30. The company had revenue of C$1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. As a group, sell-side analysts predict that Hydro One will post 1.9116659 EPS for the current fiscal year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were given a $0.296 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.18 annualized dividend and a yield of 3.00%. Hydro One’s payout ratio is currently 65.75%.

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.