Hydro One Limited Declares Quarterly Dividend of $0.31 (TSE:H)

Hydro One Limited (TSE:H) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Wednesday, December 11th.

Hydro One Stock Up 0.6 %

Hydro One stock opened at C$44.46 on Friday. Hydro One has a 1-year low of C$37.04 and a 1-year high of C$48.05. The firm has a market capitalization of C$26.65 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The firm has a 50 day simple moving average of C$45.66 and a 200 day simple moving average of C$42.33.

Hydro One (TSE:H) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, beating 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. On average, analysts predict that Hydro One will post 2.0572195 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on H. 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. National Bankshares raised their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the company 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, 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$43.00.

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.