Hydro One Limited (H) To Go Ex-Dividend on December 11th

Hydro One Limited (TSE:H) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be given a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, December 11th.

Hydro One Stock Performance

H opened at C$44.61 on Friday. Hydro One has a 52-week low of C$37.04 and a 52-week high of C$48.05. The firm has a market capitalization of C$26.74 billion, a PE ratio of 23.86, a PEG ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The business’s 50-day simple moving average is C$45.65 and its 200 day simple moving average is C$42.35.

Hydro One (TSE:H) last released its earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The business had revenue of C$2.03 billion for the quarter. As a group, sell-side analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

H has been the subject of several recent research reports. CIBC boosted their price target on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Royal Bank of Canada raised their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. 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 report on Friday, August 23rd. Raymond James raised their target price on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Finally, BMO Capital Markets boosted their price target on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$43.00.

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.