Hydro One Limited (TSE:H) Given Average Recommendation of “Hold” by Brokerages

Hydro One Limited (TSE:H) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is C$43.00.

A number of research analysts recently weighed in on H shares. CIBC lifted their price objective on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. National Bankshares upped their price objective 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. Raymond James lifted their target price on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Wells Fargo & Company boosted their target price on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Finally, BMO Capital Markets increased their price target on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th.

Hydro One Stock Performance

Shares of Hydro One stock opened at C$45.79 on Friday. The stock has a market capitalization of C$27.45 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The business has a 50-day moving average of C$45.34 and a 200 day moving average of C$43.02. Hydro One has a 12 month low of C$37.04 and a 12 month high of C$48.05.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s dividend payout ratio (DPR) is presently 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.