Hydro One Limited (H) To Go Ex-Dividend on March 12th

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.3142 per share on Monday, March 31st. This represents a $1.26 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 0.1% increase from Hydro One’s previous quarterly dividend of $0.31.

Hydro One Stock Performance

Shares of H opened at C$47.29 on Monday. The stock has a market capitalization of C$28.35 billion, a PE ratio of 24.94, a PEG ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The stock has a 50-day simple moving average of C$44.84 and a 200-day simple moving average of C$45.12. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05.

Insider Buying and Selling

In other Hydro One news, Director Stacey Mowbray bought 700 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the purchase, the director now directly owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 47.12% of the company’s stock.

Analyst Upgrades and Downgrades

H has been the topic of a number of research reports. Scotiabank lifted their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their target price on Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Finally, CIBC upped their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hydro One has an average rating of “Hold” and a consensus target price of C$45.43.

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.