Hydro One (TSE:H – Free Report) had its price target upped by Royal Bank of Canada from C$41.00 to C$43.00 in a report released on Thursday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their target price on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. National Bankshares boosted their price objective on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a sector perform rating in a research note on Friday, August 23rd. Raymond James increased their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. BMO Capital Markets lifted their target price on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Finally, CIBC increased their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One currently has an average rating of Hold and an average target price of C$43.00.
View Our Latest Analysis on Hydro One
Hydro One Price Performance
Hydro One (TSE:H – Get Free Report) last announced its quarterly earnings results 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. The company had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. As a group, sell-side analysts expect that Hydro One will post 1.9902525 EPS for the current year.
Hydro One Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.26 dividend on an annualized basis and a yield of 2.80%. Hydro One’s dividend payout ratio is currently 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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