Hydro One Limited (TSE:H – Get Free Report) 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.
Get Our Latest Research Report on Hydro One
Hydro One Trading Up 0.0 %
Hydro One (TSE:H – Get Free Report) 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.
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