Hydro One (TSE:H) Stock Price Down 0.3% – Time to Sell?

Shares of Hydro One Limited (TSE:H) traded down 0.3% on Monday . The stock traded as low as C$53.53 and last traded at C$53.77. 1,193,225 shares changed hands during trading, an increase of 58% from the average session volume of 755,474 shares. The stock had previously closed at C$53.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. CIBC upped their target price on shares of Hydro One from C$52.00 to C$54.00 in a research note on Tuesday, October 21st. Raymond James Financial upped their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research note on Friday, October 24th. Scotiabank lifted their target price on Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. Finally, National Bankshares boosted their price target on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$52.95.

Hydro One Price Performance

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 stock has a fifty day simple moving average of C$53.59 and a 200-day simple moving average of C$51.22. The stock has a market cap of C$32.25 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21.

Hydro One (TSE:H) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$1.22 billion during the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%. As a group, equities research analysts expect that Hydro One Limited will post 2.0572195 EPS for the current year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a $0.3331 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.33 dividend on an annualized basis and a yield of 2.5%. Hydro One’s dividend payout ratio is 59.66%.

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. The province of Ontario holds an approximate 47% common equity stake.