Hydro One Limited (TSE:H) Plans Dividend Increase – $0.35 Per Share

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, June 10th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.3531 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 6.0% increase from Hydro One’s previous quarterly dividend of $0.33.

Hydro One Stock Performance

Shares of H opened at C$56.97 on Monday. The firm has a 50-day moving average price of C$58.10 and a 200 day moving average price of C$56.22. The firm has a market capitalization of C$34.19 billion, a PE ratio of 24.99, a P/E/G ratio of 3.17 and a beta of 0.35. The company has a quick ratio of 0.30, a current ratio of 0.54 and a debt-to-equity ratio of 149.17. Hydro One has a 52-week low of C$47.54 and a 52-week high of C$60.46.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 earnings per share for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. The company had revenue of C$1.22 billion during the quarter. On average, sell-side analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

H has been the subject of several research reports. Scotia raised their price objective on shares of Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. BMO Capital Markets raised their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a research report on Thursday, May 14th. Jefferies Financial Group lowered shares of Hydro One from a “hold” rating to a “moderate sell” rating in a research report on Monday, June 1st. Raymond James Financial raised their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the company a “market perform” rating in a research report on Tuesday, April 28th. Finally, TD raised their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$57.09.

Hydro One Company Profile

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.