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

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.3142 per share on Monday, March 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, March 12th. This is a 0.1% increase from Hydro One’s previous quarterly dividend of $0.31.

Hydro One Stock Performance

Hydro One stock opened at C$47.29 on Monday. Hydro One has a fifty-two week low of C$37.27 and a fifty-two week high of C$48.05. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The stock has a market cap of C$28.35 billion, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The firm’s fifty day moving average price is C$44.84 and its 200-day moving average price is C$45.12.

Insiders Place Their Bets

In other news, Director Stacey Mowbray purchased 700 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This represents a ∞ increase in their position. Insiders own 47.12% of the company’s stock.

Wall Street Analysts Forecast Growth

H has been the subject of several research analyst reports. Scotiabank lifted their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Finally, CIBC boosted their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One has an average rating of “Hold” and a consensus price target of C$45.43.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.