Hydro One Limited (TSE:H) Receives C$39.89 Average Target Price from Brokerages

Shares of Hydro One Limited (TSE:H) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$39.89.

H has been the subject of several analyst reports. CIBC lifted their price target on shares of Hydro One from C$40.50 to C$41.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Scotiabank lowered their price target on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Finally, National Bankshares lifted their price target on shares of Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th.

Hydro One Trading Up 1.4 %

Shares of Hydro One stock opened at C$43.66 on Friday. The stock has a market capitalization of C$26.17 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 141.04. The company has a 50-day simple moving average of C$40.35 and a 200 day simple moving average of C$39.97. Hydro One has a 12-month low of C$32.79 and a 12-month high of C$43.80.

Hydro One (TSE:H) last announced its earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The business had revenue of C$2.17 billion during the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. Research analysts expect that Hydro One will post 1.9169847 earnings per share for the current fiscal year.

Hydro One Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a dividend of $0.314 per share. This is a positive change from Hydro One’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Wednesday, June 12th. Hydro One’s dividend payout ratio is 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.