Hydro One (TSE:H) Price Target Cut to C$38.00 by Analysts at Scotiabank

Hydro One (TSE:H) had its price target cut by Scotiabank from C$40.00 to C$38.00 in a research note released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. CIBC reduced their price target on shares of Hydro One from C$40.00 to C$39.00 and set a neutral rating on the stock in a research report on Friday, April 19th. TD Securities upped their target price on Hydro One from C$37.00 to C$39.00 and gave the stock a hold rating in a report on Wednesday, February 14th. National Bankshares raised their target price on Hydro One from C$35.00 to C$38.00 and gave the company a sector perform rating in a research note on Tuesday, January 30th. Wells Fargo & Company lifted their price target on Hydro One from C$39.00 to C$40.00 and gave the company an equal weight rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price objective on Hydro One from C$37.00 to C$41.00 and gave the stock a sector perform rating in a report on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$39.56.

Hydro One Price Performance

Shares of H stock opened at C$37.85 on Monday. The company has a debt-to-equity ratio of 133.77, a quick ratio of 0.30 and a current ratio of 0.50. Hydro One has a fifty-two week low of C$32.79 and a fifty-two week high of C$41.69. The firm has a market cap of C$22.68 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.90 and a beta of 0.31. The business’s 50 day moving average price is C$39.91 and its 200-day moving average price is C$38.81.

Hydro One (TSE:H) last released its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share for the quarter, meeting the consensus estimate of C$0.30. The business had revenue of C$1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. On average, equities research analysts anticipate that Hydro One will post 1.9103751 earnings per share for the current year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were given a $0.296 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Tuesday, March 12th. Hydro One’s dividend payout ratio 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.