Hydro One Limited (TSE:H) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hydro One Limited (TSE:H) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, 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$42.75.

A number of brokerages have recently weighed in on H. CIBC lifted their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Wells Fargo & Company lifted their target price on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Raymond James increased their price target on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday. National Bankshares boosted their price objective on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets upped their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.

Hydro One Stock Performance

Hydro One stock opened at C$46.37 on Monday. Hydro One has a fifty-two week low of C$32.79 and a fifty-two week high of C$48.05. The firm’s 50 day simple moving average is C$44.05 and its 200-day simple moving average is C$41.19. 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 company has a market cap of C$27.80 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 3.14 and a beta of 0.34.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 earnings per share for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. The firm had revenue of C$2.03 billion for the quarter. As a group, equities research analysts predict that Hydro One will post 2.0445326 EPS for the current year.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be given a $0.314 dividend. This represents a $1.26 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, September 11th. Hydro One’s dividend payout ratio is 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.