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

Shares of Hydro One Limited (TSE:H) have earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$43.00.

Several equities analysts recently issued reports on H shares. Raymond James upped their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. 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. CIBC upped their price objective on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Wells Fargo & Company upped their price objective on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Finally, Royal Bank of Canada upped their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd.

Hydro One Price Performance

Shares of H opened at C$44.41 on Tuesday. Hydro One has a twelve month low of C$37.04 and a twelve month high of C$48.05. The firm’s fifty day simple moving average is C$45.68 and its 200-day simple moving average is C$42.19. The firm has a market capitalization of C$26.62 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11.

Hydro One (TSE:H) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. Equities analysts forecast that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Wednesday, September 11th. Hydro One’s dividend payout ratio is currently 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.