Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Analysts

Shares of Hydro One Limited (TSE:H) have earned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$39.56.

H has been the subject of a number of analyst reports. TD Securities increased their price target on Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. Scotiabank reduced their price target on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a report on Monday. Raymond James increased their price target on Hydro One from C$40.00 to C$41.00 and gave the company a “market perform” rating in a report on Wednesday, February 14th. National Bankshares increased their price target on Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Finally, Wells Fargo & Company increased their target price on Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th.

Hydro One Stock Performance

Shares of TSE:H opened at C$37.87 on Friday. The firm has a market capitalization of C$22.69 billion, a PE ratio of 20.92, a P/E/G ratio of 2.90 and a beta of 0.31. The company has a debt-to-equity ratio of 133.77, a current ratio of 0.50 and a quick ratio of 0.30. The business has a 50-day moving average of C$39.94 and a two-hundred day moving average of C$38.79. Hydro One has a 12 month low of C$32.79 and a 12 month high of C$41.69.

Hydro One (TSE:H) last posted its earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The business had revenue of C$1.98 billion during the quarter. As a group, research analysts forecast that Hydro One will post 1.9103751 earnings per share for the current year.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, March 12th. Hydro One’s dividend payout ratio (DPR) is presently 65.75%.

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.