Hydro One (TSE:H – Free Report) had its price target lifted by CIBC from C$41.00 to C$44.00 in a report published on Thursday morning, BayStreet.CA reports.
Several other equities analysts have also recently weighed in on H. Scotiabank cut their price objective on Hydro One from C$40.00 to C$38.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. National Bankshares lifted their price target on shares of Hydro One from C$39.00 to C$40.00 in a research note on Thursday. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One has a consensus rating of Hold and a consensus target price of C$40.63.
Hydro One Stock Performance
Hydro One Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, September 11th will be given a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s dividend payout ratio is presently 67.38%.
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.
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