Hydro One (TSE:H) Sets New 12-Month High at $47.78

Hydro One Limited (TSE:H) hit a new 52-week high during trading on Monday . The company traded as high as C$47.78 and last traded at C$47.54, with a volume of 18506 shares. The stock had previously closed at C$47.65.

Analysts Set New Price Targets

A number of analysts recently issued reports on H shares. Wells Fargo & Company raised their target price on shares of Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th. National Bankshares increased their target price on Hydro One from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. CIBC lifted their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets increased their price objective on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hydro One presently has a consensus rating of “Hold” and a consensus price target of C$42.25.

Hydro One Trading Up 0.0 %

The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The stock has a market capitalization of C$28.57 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 3.14 and a beta of 0.34. The business’s 50-day simple moving average is C$43.50 and its two-hundred day simple moving average is C$41.01.

Hydro One (TSE:H) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. On average, research analysts anticipate that Hydro One Limited will post 2.0468682 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be given a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s payout ratio is 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.