Hydro One (TSE:H – Free Report) had its price objective increased by Royal Bank of Canada from C$41.00 to C$43.00 in a research report sent to investors on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets raised their price target on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. National Bankshares raised their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a sector perform rating in a report on Friday, August 23rd. CIBC raised their price target on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Raymond James raised their price target on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Finally, Wells Fargo & Company raised their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of C$43.00.
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Hydro One Price Performance
Hydro One (TSE:H – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. The business had revenue of C$2.03 billion during the quarter. As a group, equities analysts expect that Hydro One will post 1.9902525 earnings per share for the current fiscal year.
Hydro One Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Wednesday, September 11th. Hydro One’s dividend payout ratio is currently 67.38%.
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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