Shares of Hydro One Limited (TSE:H – Get Free Report) 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.
Read Our Latest Report on Hydro One
Hydro One Trading Up 1.4 %
Hydro One (TSE:H – Get Free Report) 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.
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