Hydro One Limited (TSE:H) Stock Has Consensus Target Price of C$57.09 According to Analysts

Hydro One Limited (TSE:H) has been given an average rating of “Hold” by the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$57.27.

H has been the subject of a number of research analyst reports. National Bank Financial raised their price objective on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Jefferies Financial Group cut shares of Hydro One from a “hold” rating to a “moderate sell” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce reduced their target price on shares of Hydro One from C$59.00 to C$56.00 in a research report on Tuesday, September 22nd. Royal Bank Of Canada raised their price target on shares of Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 13th. Finally, Barclays lowered their price target on shares of Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th.

Hydro One Stock Up 0.1%

Shares of TSE:H opened at C$50.86 on Tuesday. The company has a market capitalization of C$30.52 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.17 and a beta of 0.23. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. The business has a fifty day moving average price of C$54.65 and a two-hundred day moving average price of C$56.88. Hydro One has a 1 year low of C$48.96 and a 1 year high of C$60.57.

Hydro One (TSE:H) last released its earnings results on Wednesday, August 12th. The company reported C$0.62 EPS for the quarter. The company had revenue of C$1.23 billion for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. Analysts forecast that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be given a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 9th. Hydro One’s dividend payout ratio (DPR) is currently 57.31%.

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.