Hydro One Limited (TSE:H – Get Free Report) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$43.00.
H has been the subject of a number of recent analyst reports. Raymond James lifted their target price on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. CIBC upped their target price on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. National Bankshares raised their price target 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. Wells Fargo & Company upped their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, BMO Capital Markets lifted their price objective on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.
Hydro One Stock Up 0.5 %
Hydro One (TSE:H – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$2.03 billion during the quarter. On average, sell-side analysts expect that Hydro One will post 1.9902525 EPS for the current year.
Hydro One Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, September 11th. Hydro One’s dividend payout ratio is currently 67.38%.
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.
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